Column: Iron ore prices lack conviction despite China stimulus moves

BHP Group can't cherry-pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters.

The operator of the Loulo-Gounkoto gold complex increased tax, royalty and dividend payments to the Malian government by almost half to $380.7 million last year.

At the same time, the investment approval process would be streamlined for known investors and low-risk sectors.

"This is not good news for China given the heavy reliance on external supply, and Chinese companies hold limited resources," one analyst said.

Even though BHP doesn’t want to buy Kumba and Amplats, South Africa could have an important role to play if an eventual deal is structured.

Demand for gold from India could stand between 700 metric tons and 800 metric tons in 2024.

In June 2023, the BOK said it was more desirable to maintain dollar liquidity than boost its gold holdings.

Even in an optimistic low emission scenario for 2050, more than half the world’s copper mines will be in areas exposed to drought risk that’s deemed significant.

Iron ore has had a bumpy ride this year, slumping by almost a third in the first quarter on concerns over weakening Chinese demand.