Vale and Sul Americana de Metais S.A. have qualified for a new policy adopted by Brazil’s Jair Bolsonaro administration that aims to streamline the licensing process.
Expectations that inflation-adjusted yields on US bonds will rise means the metal will no longer function as a hedge against equity markets, Russ Koesterich said.
Environment Minister has given environmental consent for Whitehaven Coal to proceed with a $440 million plan to extend open-cut mining at its Vickery operation in New South Wales.