The Potential merger of RIO Tinto and Glencore
potential merger between Rio Tinto (RIO:ASX, RIO:LSE) and Glencore (GLEN:LSE) would create a mining behemoth with significant implications for the global mining industry
potential merger between Rio Tinto (RIO:ASX, RIO:LSE) and Glencore (GLEN:LSE) would create a mining behemoth with significant implications for the global mining industry
The recent surge in Copper prices to record highs is likely to continue with production falling and demand rising from the energy transition and data center demand from AI
The Dow closed above 40,000 for the first time ever on Friday, notching a five-week win streak as rate-cut hopes while precious metals soared with copper & Gold making a record highs and silver playing catch-up with gold at new decade highs
Stock pushed to new highs as consumer inflation cooled more than expected following three months of upside surprises, boosting hopes for sooner rate rates and sending Treasury yields sharply lower
Stocks ignored a hotter-than-expected inflation report as Federal Reserve chairman Jerome Powell said the current level of interest rates is working to curb inflation. In commodities, copper continued its bull run to fresh 2-year highs at $11,000t ($5.05lb) on shortage concerns.
Citimini Copper Warrants are Warrants that track the underlying Copper Futures. For each 1c (USD) that the Copper Futures moves, the Copper Warrants move 1c (USD).
Stocks as investors awaited key inflation report due later this week that will likely play a role in shaping the Federal Reserve’s monetary policy outlook.