Section
The latest commodities coverage from the TrustFinance editorial desk.
The U.S. Development Finance Corp. has approved up to $414 million in debt financing for a high-grade uranium project in Niger, a strategic move to secure critical resources and rebuild ties with the West African nation.
A sharp rise in energy prices and global borrowing costs is fueling concerns of a potential stagflationary environment, threatening to derail resilient economic growth and equity market performance.
The main sea freight index for dry bulk commodities rose on Thursday, driven by a notable increase in rates for larger capesize vessels amid strong demand for iron ore in China.
Copper prices rose as key indicators pointed to a resurgence in physical demand from China, the world's top consumer. The gains came despite headwinds from a stronger U.S. dollar following a Federal Reserve interest rate hike.
The U.S. Development Finance Corp has approved up to $414 million in debt financing for Global Atomic's Dasa uranium project in Niger, a significant move to secure a strategic resource and rebuild ties with the West African nation's military government.
UBS analysts expect short-term pressure on gold prices following the Federal Reserve's latest rate hike, but maintain a constructive 12-month view supported by central bank demand and an expected weakening of the U.S. dollar.
A combination of oil prices above $100 a barrel, multi-year high bond yields, and persistent inflation is fueling investor concern over a period of stagflation—high inflation coupled with slow economic growth.
The U.S. Federal Reserve raised its benchmark interest rate by a quarter-point to a 3.75%-4.00% range, its first increase in three years, signaling a more aggressive stance against persistent inflation.
A new report from Goldman Sachs identifies a higher price floor for iron ore at $90-$95 per tonne, arguing that a more than 20% rise in marginal production costs over two years will support prices.
