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18.02.26 - 07:24
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Cheveley: Copper Being Dragged to US by Tariff Threats (Bloomberg)
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Gold advanced back above $4,900 an ounce as dip-buyers snapped up the metal after a two-day drop. Meanwhile copper rose, trimming losses earlier in the week, as risk assets including equities advanced in thin holiday trading. George Cheveley, Natural Resources Portfolio Manager at Ninety One spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the market performance. (Source: Bloomberg)...
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17.02.26 - 23:24
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Boost to British Steel as Turkey places high-speed rail order (The Guardian)
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'Eight-figure agreement' made to supply new line between Ankara and İzmir – but questions over plant's future remainBritish Steel has secured an order worth tens of millions of pounds to supply rail for a high-speed electric railway in Turkey, amid continuing uncertainty over the long-term future of the government-controlled steelworks in Scunthorpe.The site will supply 36,000 tonnes of rail to ERG International Group, the company announced, in what it called an “eight-figure agreement”. Continue reading......
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17.02.26 - 14:57
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BHP′s Copper Pivot Pays Off With Surprise Dividend Bump, Record-High Stock Price (ZeroHedge)
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BHP's Copper Pivot Pays Off With Surprise Dividend Bump, Record-High Stock Price
Shares of BHP Group, the world's largest miner, jumped to a record high in Australia after it posted earnings at the top end of Wall Street expectations. The miner's pivot into copper, aided by a surging rally in industrial metals, offset softer conditions in its iron ore unit.
BHP chief executive Mike Henry reaffirmed to investors earlier on a call that the miner is pivoting toward "future-facing" metals. In other words, he explained that the world's largest miner's shift away from operations focused on serving China's steel mills has paid off, as copper has soared.
Henry said that acquisitions began to bear fruit, as did the improvements at Escondida, the world's largest mine, all of which were helped by a record surge in the price of the industrial metal used heavily for power grids and AI-related applications.
"This is the result of our deliberate actions to grow our copper business,&qu...
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