Anglo American’s sale of its Brazilian nickel business to China’s MMG Ltd is a corporate win-win. Anglo gets to deliver on its promise to shareholders to simplify its portfolio and pockets up to $500m. MMG, which is already a major producer of copper, cobalt and zinc, gets to diversify into another metal and expand its geographic footprint into […]
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Gold eases after hitting record, safe-haven flows remain strong
Teguem Doriane
Gold prices hovered near an all-time-high on Tuesday, as fears of a trade war and instability amid U.S. President Donald Trump’s tariff plans drove safe-haven flows. Spot gold fell 0.4% to $2,940.03 an ounce by 0916 GMT, after reaching $2,956.15 on Monday — its eleventh record high this year. U.S. gold futures declined 0.3% to […]