Author: Bullion Index
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Ethiopia Secures $1.7 Billion Investments in Minerals and Energy
Ethiopia has recently announced securing investment deals exceeding $1.7 billion for its minerals and energy sectors, predominantly with Chinese companies. These agreements were finalized during a two-day investment conference in Addis Ababa, as the country continues its ambitious economic reform program. Among the major deals is a $500 million investment from Hua Ye Mining Processing…
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Investors Favor Southern Copper Amid Shifting Market Dynamics
Gotham Asset Management LLC increased its stake in Southern Copper Co. (NYSE:SCCO) by 55.8% in the fourth quarter, as disclosed in its recent filing with the Securities and Exchange Commission (SEC). The firm now holds 219,826 shares of the company’s stock, valued at $20,033,000 at the end of the reporting period. This move reflects a…
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China Gold Market Sees Unprecedented Investor Enthusiasm in April
Investors in the China gold market have shown unprecedented enthusiasm recently, as indicated by various key metrics. In April, the Shanghai Benchmark Gold Price PM and LBMA Gold Price PM both saw significant increases, marking positive returns over several consecutive months. Jewellers, banks, and other market participants withdrew a notable amount of gold from the…
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Ero Copper Corp. Gains Analyst Favor with Strong Buy Ratings
Ero Copper Corp. (NYSE:ERO) has garnered significant attention from brokerages, with a consensus target price of $26.33. The company has received favorable ratings from various analysts, with most recommending a buy or strong buy stance on the stock. This positive outlook reflects the potential growth and value that Ero Copper offers to investors. Biogeochemical study…
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Volcan Invests $25M in Paragsha Zinc Mine Upgrades
Peru’s mining company Volcan is embarking on significant upgrades at its Paragsha zinc mine in the central highlands of the country. The Cerro de Pasco mining unit, operated by Volcan, is set to receive a substantial investment package totaling US$25 million for various enhancements, including pipeline upgrades, tailings systems, and mineral utilization improvements. This initiative…
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Gold’s Rise Amid Dollar Decline Signals Reserve Asset Shift
A shaky U.S. dollar is enhancing gold’s status as an alternative reserve asset, as global investors display diminishing trust in the U.S. financial system. Gold’s allure has surged amid a simultaneous decline in U.S. equities, bonds, and the dollar, reminiscent of the 1970s. The U.S. dollar’s weakening is fostering the emergence of a multi-asset reserve…
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Republican Budget Bill Threatens Clean Energy Boom in US
A Republican budget bill is set to halt the clean energy boom that was gaining momentum in the United States. Over the past few years, businesses have committed over $843 billion to projects aimed at reducing emissions, thanks to tax credits under the 2022 Inflation Reduction Act. However, only a fraction of this investment has…
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Investors Boost Stakes in ADC Therapeutics Amid Pharmaceutical Growth
Investors like Wells Fargo & Company MN have been increasing their stakes in companies like ADC Therapeutics SA, reflecting a growing interest in the pharmaceutical industry. In the latest Form 13F filing with the SEC, Wells Fargo disclosed a significant increase in its holdings of ADC Therapeutics, with a notable rise in the number of…
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Revolutionizing Gold Investments: Wizely Simplifies Digital Gold Ownership
In India, the tradition of investing in gold has been deeply rooted, whether in the form of jewelry, coins, or bars. With the digital revolution, gold investments have undergone a significant transformation. Digital gold has gained popularity among investors seeking a convenient and secure way to invest in this stable asset without the concerns of…
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Chinese Firms Inject $1.75 Billion into Ethiopia’s Economy
Chinese companies are set to inject $1.75 billion into Ethiopia’s economy, focusing on solar technology and mineral exploration. This significant investment is a testament to the growing economic ties between China and African nations. Finance Minister Ahmed Shide announced that five Chinese firms are gearing up to contribute to Ethiopia’s development. EF ECOFLOW 100W Flexible…