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New Rare Earths Venture to Target High-grade Assets in US and Brazil

3 Mins Read

Privately owned Rare Earths Americas (REA) has formed in a bid to explore and develop high-grade rare earths assets in the US and Brazil, looking to consolidate supply chains for various domestic sectors.

The company, which raised AU$25 million in a private funding round, said it combines experienced operators and investors with “deep expertise across global mining, energy and critical materials.”

Included in the company’s portfolio is the Foothills discovery, located in Georgia, US.

The site contains grades of up to 41.3 percent total rare earth oxides, including heavy rare earths crucial for high-performance magnets. REA has highlighted its strong logistics, low-cost power and streamlined path to permitting.

In Brazil, the Alpha and Constellation projects hold more than 1 billion metric tons of high-grade ionic clay rare earths mineralization, including dysprosium and terbium, which are essential for permanent magnets.

The Homer project, also located in Brazil, targets multiple carbonatite clusters with the potential for niobium discoveries in a region known for leading niobium mines.

“The rare earths market is undergoing a generational shift as the West races to secure its rare earths future,” said CEO Donald Swartz in a Monday (August 18) press release.

REA’s timing aligns with broader US efforts to reduce reliance on China, which currently controls nearly 70 percent of global rare earths processing and accounts for most heavy rare earths production.

In April, Beijing restricted shipments of seven rare earths to the US and other countries, prompting concern among automakers and defense contractors dependent on these materials.

The US government recently proposed a pricing support mechanism for domestic rare earths ventures in order to increase production and mitigate China’s influence.

Discussions last month, led by former White House Trade Advisor Peter Navarro and National Security Council official David Copley, included rare earths producers and major tech firms reliant on these critical minerals.

China’s dominance stems from billions of dollars invested in mining and processing since 2000, often with minimal environmental or safety oversight, allowing the country to produce rare earths at lower cost than western competitors.

The US response to the Asian nation’s rare earths stranglehold has included efforts to develop domestic mine supply and build out refinement, processing and production capacity. American companies have also sought to secure alternative sources in Africa and Latin America, but investment and technology barriers remain significant.

Mountain Pass in California, the country’s only large-scale rare earths mine, produces bastnaesite carbonate, but relies heavily on foreign processing. MP Materials (NYSE:MP), the mine’s operator, posted a net loss of US$65.4 million in 2024, highlighting the challenge of competing with China’s low-cost production model.

REA’s launch positions it as a potential strategic player in this evolving landscape.

According to the company, the Foothills project offers a “streamlined permitting pathway” in the US, while the Alpha and Constellation projects in Brazil provide access to large-scale, high-grade heavy rare earths.

“With grade and strategic geography on our side, we intend to advance our rare earths projects to support the long-term supply of critical materials essential to domestic innovation,” Swartz added.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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In Business

Best Buy launches third-party marketplace as it looks for sales drivers

4 Mins Read

Best Buy is launching a third-party marketplace, as it tries to bulk up the variety of merchandise it offers and reverse slower sales.

Starting on Tuesday, shoppers who go to Best Buy’s website and app will see products and brands that weren’t available there before, including more tech-related accessories like custom video game controllers and some nontech items including seasonal decor and sports collectibles.

The company’s online marketplace riffs off those of other retailers, such as Amazon and Walmart, by relying on third-party sellers to stock, sell and ship inventory and taking a cut of their sales in the form of a commission.

“Everything we do is really centered around the customer and their technology needs, and we do see customers actually doing a lot of consumer electronics transactions through marketplaces,” Chief Customer, Product and Fulfillment Officer Jason Bonfig said. “And as a result of that, we need to make adjustments to be where the customer’s at.”

He said Best Buy noticed gaps in its assortment that the new platform will help it fill. For instance, Bonfig said the company didn’t carry batteries for some older cameras or cases for older smartphones. And it didn’t offer some items that complement Best Buy purchases, such as furniture that goes around a big-screen TV or cookware to use with a new kitchen appliance.

Along with adding those items, the marketplace makes it possible for smaller vendors with innovative products to sell on Best Buy’s website when they’re not yet big enough to make or distribute the volume needed for its stores, he added.

Best Buy’s marketplace launches at a time when its business could use a boost. Its annual sales have declined over the past three years as the company contends with a sluggish housing market, selective consumer spending and a decline in device replacements after a spike in tech purchases during the Covid pandemic.

The company cut its sales outlook in May and said it expects full-year revenue to range from $41.1 billion to $41.9 billion. That would be similar to Best Buy’s annual revenue of $41.5 billion in the most recent fiscal year, but below the numbers it posted in the years leading up to and during the pandemic.

Best Buy will share its most recent earnings results and sales forecast on Aug. 28.

Tariffs have complicated the backdrop for Best Buy, too, since the higher duties have added costs for consumer electronics vendors and distracted them from other priorities like research and development that leads to new and innovative products, said Jonathan Matuszewski, a retail analyst at Jefferies. He said Best Buy tends to win sales instead of big-box or online competitors when there’s a leap forward in technology.

With the platform’s launch, Best Buy joins other retailers that have jumped on the trend of introducing or expanding third-party marketplaces. Lowe’s and Nordstrom started marketplaces last year. Ulta Beauty plans to launch its own later this year. And Target said it will expand its existing marketplace, Target Plus.

On Best Buy’s earnings call in May, CEO Corie Barry described the third-party marketplace as one of the company’s strategic priorities for the year. She said that new profit stream “is even more important in this environment” and will provide greater flexibility with the range of items and price points.

Plus, she said the marketplace supports the company’s growing advertising business. Sellers can buy ads for their products, including by paying for better placement in search results.

Marketplaces and the advertising opportunities that come with them tend drive higher profits for retailers, said Justin MacFarlane, a managing director for the global retail group of AlixPartners. Sellers buy, stock and ship products instead of the retailer, and take on both the expense of buying inventory and the risk that they may have to mark down unwanted items, he said.

Yet the business model comes with risks, too, he said. For instance, sellers may not have the same standards as a retailer and it could anger a retailer’s customers if they send products in torn boxes, with missing pieces or days later than expected. And he said retailers can flood their websites with so many different categories, brands and products that they overwhelm customers with choices that seem irrelevant to their company’s identity.

“You get addicted to the growth and more is more until it’s not,” he said.

At launch, Best Buy’s marketplace will have about 500 sellers, Bonfig said. He said the company vetted applicants and whittled them down to the ones who can provide a high-quality customer experience. The sellers must match Best Buy’s return policy, he added.

Customers can return purchases either directly to the seller or to Best Buy stores, he said.

This post appeared first on NBC NEWS

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In Politics

Russian drone crashes in Polish field; Warsaw protests airspace violation and plans formal complaint

2 Mins Read

A Russian drone may have crashed in a field in Poland, a move the country’s deputy prime minister called a ‘provocation’ as the United States and European leaders continue to push Moscow to end its war in Ukraine. 

The drone hit a cornfield in the village of Osiny in the eastern Lublin province, about 62 miles from Poland’s border with Ukraine, Reuters reported. 

Deputy Prime Minister Wladyslaw Kosiniak-Kamysz, who also serves as defense minister, said Wednesday’s incident was similar to cases in which Russian drones flew into Lithuania and Romania and could be linked to efforts to end the war in Ukraine, according to the outlet. 

‘Once again, we are dealing with a provocation by the Russian Federation, with a Russian drone. We are dealing with it in a crucial moment, when discussions about peace (in Ukraine) are underway,’ Kosiniak-Kamysz told journalists.

Foreign Ministry spokesperson Pawel Wronski told Reuters some experts have suggested a Russian version of the Shahed drone developed by Iran was involved in the latest incident.

Polish Gen. Dariusz Malinowski said the drone had a Chinese engine and appeared to be a decoy that was designed to self-destruct.

The blast shattered windows in several homes, but nobody was injured, the Polish PAP news agency reported.

Police recovered burnt metal and plastic debris at the site.

‘I was sitting in my room at night, around midnight, maybe, and I heard something just bang,’ local resident Pawel Sudowski told local news website Lukow.tv. ‘It exploded so loudly that the whole house simply shook.’

On X, Polish Foreign Minister Radoslaw Sikorski said his ministry would issue a protest against the airspace violation without naming the perpetrator. 

‘Another violation of our airspace from the East confirms that Poland’s most important mission towards NATO is the defence (sic) of our own territory,’ he wrote. 

The incident came as the Trump administration continues to broker talks between Russia and Ukraine to end the bloody three-year conflict. On Monday, Trump hosted Ukrainian President Volodymyr Zelenskyy and a group of European leaders at the White House.

On Friday, he met with Russian President Vladimir Putin in Alaska. 

This post appeared first on FOX NEWS

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In Stocks

Europe markets open: Stoxx 600 falls 0.3% on UK inflation shock and Fed fears

3 Mins Read

The fragile optimism that had buoyed European markets has been shattered, as a nasty inflation surprise from the UK and a wave of caution from Wall Street converged to send stocks into a broad retreat on Wednesday.

The positive sentiment from this week’s Ukraine summit has evaporated, replaced by the stark reality of persistent price pressures and central bank uncertainty.

The pan-European Stoxx 600 was trading 0.3% lower in early London trading, with nearly all sectors and every major regional bourse flashing red.

The sell-off follows a listless session in Asia, which tracked declines on Wall Street, setting a tense and defensive tone for the day.

The inflation hangover: a nasty UK surprise

The primary catalyst for the morning’s downturn was a hotter-than-expected inflation report from the United Kingdom.

The data showed consumer prices surged 3.8% for the year to July, a significant acceleration that caught markets off guard.

The British pound briefly jumped against the dollar on the news before settling, while the FTSE 100 opened in the red, down around 0.1%.

According to Sanjay Raja, chief UK economist at Deutsche Bank, the surprise was likely a statistical anomaly, driven by the timing of data collection coinciding with school holidays.

“Prices for airfares and sea-fares tend to be more volatile later in July as demand picks up,” he said in a note, observing that “according to the ONS airfares were up a staggering 30% m/m – the highest monthly increase going back to 2001.”

While he argued this would likely unwind, he conceded “there’s more upward momentum left,” and that the “path to 2% CPI next year looks narrower.”

This, Raja added, leaves the Bank of England grappling with “an uncomfortable trade-off” between high inflation and a sluggish economy.

The price of peace: defense stocks extend their rout

While the inflation data was the new shock, the aftershocks of Tuesday’s diplomatic optimism continued to ripple through specific sectors.

European defense stocks, which had tumbled on the prospect of a Ukraine peace deal, extended their sharp losses.

The Stoxx Europe Aerospace and Defense index shed another 0.9% after having already fallen 2.6% in the previous session.

German contractors Rheinmetall and Hensoldt fell around 1.8% and 1.9% respectively, while Britain’s Rolls-Royce also dropped.

“Speculation about a diplomatic breakthrough meant that European assets saw some sizeable moves [on Tuesday],” noted Deutsche Bank’s Jim Reid. “Indeed, it was notable that defence stocks really struggled yesterday.”

The shadow of the Fed looms large

This potent mix of geopolitical shifts and European economic anxiety is all playing out under the long shadow of the US Federal Reserve.

Global sentiment is now firmly focused on two upcoming events: the release of the Fed’s July meeting minutes and the central bank’s annual symposium in Jackson Hole, Wyoming.

Investors are desperately awaiting clues from Fed Chair Jerome Powell, especially after minutes from the last meeting revealed the first two-official dissent since 1993.

Despite the growing uncertainty, traders are still clinging to hope, with the CME’s FedWatch tool indicating an 84.9% chance of a quarter-point rate cut in September.

That conviction, however, will be put to the ultimate test this week.

The post Europe markets open: Stoxx 600 falls 0.3% on UK inflation shock and Fed fears appeared first on Invezz

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In World news

Crypto Market Update: South Korea and Japan Set Stablecoin Plans in Motion

5 Mins Read

Here’s a quick recap of the crypto landscape for Monday (August 18) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$116,339, a 1.1 percent decline in 24 hours. Its lowest valuation of the day was US$114,985, while its highest was US$116,751.

Bitcoin price performance, August 18, 2025.

Chart via TradingView.

Markets pulled back considerably on Sunday (August 17) night ahead of a pivotal meeting between US President Donald Trump, Ukrainian President Volodymyr Zelenskyy and other European leaders.

Later this week, US Federal Reserve Chair Jerome Powell will deliver a speech after the Jackson Hole Economic Policy Symposium. His remarks are highly anticipated by investors who are looking for clarity on the Fed’s next move.

Ethereum (ETH) was priced at US$4,359.32, down by 2.3 percent over the past 24 hours. Its lowest valuation of the day was $4,282.60, and its highest valuation was US$4,381.21.

Altcoin price update

  • Solana (SOL) was priced at US$183.41, down by 4.4 percent over 24 hours. Its lowest valuation of the day was US$181.21, while its highest level was US$184.80.
  • XRP was trading for US$3.08, down 0.6 percent in the past 24 hours, and its highest valuation of the day. Its lowest was US$2.98.
  • Sui (SUI) was trading at US$3.62, down by 4.6 percent over the past 24 hours. Its lowest valuation of the day was US$3.55, while its highest was US$3.64.
  • Cardano (ADA) was trading at US$0.92, down 3.7 percent over 24 hours. Its lowest valuation of the day was US$0.9026, while its highest was US$0.9283.

Today’s crypto news to know

South Korea to introduce stablecoin regulations

South Korea’s Financial Services Commission (FSC) is set to introduce a regulatory framework for a won-backed stablecoin in October, according to a report from South Korean news outlet MoneyToday.

The initiative, part of the nation’s Virtual Asset User Protection Act, aims to establish clear rules for crypto service providers and is expected to outline requirements for stablecoin issuance, collateral management and internal control systems. The FSC has been developing this framework since 2023 through its virtual asset committee.

Democratic Party of Korea Representative Park Min-kyu confirmed that the government bill is expected to be submitted to the National Assembly around October. This regulatory move follows a June collaboration among major South Korean banks to develop a won-pegged stablecoin, intended to safeguard the currency against increasing dollar dominance. At the time, the token was projected to launch in late 2025 or early 2026.

Japan prepares to issue stablecoin in Q3

Japan is also set to approve its first stablecoin, with its Financial Services Agency preparing to greenlight the issuance of a Japanese yen-denominated digital currency as early as this fall.

According to a Sunday report from Japanese news outlet the Nihon Keizai Shimbun, Tokyo-based fintech firm JPYC will spearhead the initiative, aiming to maintain a fixed value of one JPY per Japanese yen, backed by liquid assets like bank deposits and Japanese government bonds.

Tokens will be issued to digital wallets via bank transfer after purchase applications from individuals or corporations. The company plans to register as a money transfer business within the month.

Gemini, Winklevoss twins file for Nasdaq listing

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has formally filed to go public with plans for a Nasdaq listing under the ticker GEMI. Founded in 2014, the company says it has processed US$285 billion in lifetime trading volume, with custodies of over US$18 billion in digital assets as of June 30.

Its registration statement does not specify how many shares will be offered or at what price range.

In the filing, the Winklevoss twins said crypto is entering “a new Golden Age,” emphasizing their vision of financial markets moving increasingly on-chain. They describe Gemini as a “super app” for digital assets, offering trading, custody and broader crypto financial services under one platform.

If successful, Gemini would join Coinbase Global (NASDAQ:COIN) as one of the few US exchanges to list publicly, offering investors direct equity exposure to crypto market infrastructure.

Amdax unveils Bitcoin treasury firm, plans Euronext Amsterdam listing

Amsterdam-based Amdax announced plans to list a new Bitcoin treasury firm, Amsterdam Bitcoin Treasury Strategy (AMBTS), on the Euronext Amsterdam exchange.

The company said the goal is to create a vehicle that holds Bitcoin long term on behalf of institutional and private investors, reflecting growing corporate adoption of digital reserves.

CEO Lucas Wensing noted that more than 10 percent of Bitcoin’s supply is already held by corporations, governments and institutions, suggesting a structural shift in how the asset is used.

Bitcoin’s rally of 32 percent in 2025, alongside pro-crypto regulatory momentum following Trump’s election, has reinforced the case for such vehicles. AMBTS plans to raise capital in a private round before listing, with a long-term target of accumulating at least 1 percent of total Bitcoin supply.

The move could make Euronext Amsterdam a more prominent hub for European digital asset investment products, challenging London and Frankfurt.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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In Business

Group accused of using fake accounts to buy tickets to Taylor Swift and Springsteen shows

5 Mins Read

A ticket-reselling operation used a network of fake accounts to bypass Ticketmaster’s security protocols to grab hundreds of thousands of tickets to hugely popular tours for artists like Taylor Swift and Bruce Springsteen and then re-sold them for millions, federal regulators said Monday.

The Federal Trade Commission alleges the operation used illicit software that masked IP addresses, as well as repurposed credit cards and SIM phone cards, as part of the scheme. It was run through various guises, like TotalTickets.com, TotallyTix and Front Rose Tix, but was run by three key individuals, the agency said.

In total, the group is accused of buying 321,286 tickets to 3,261 live performances from June 2022 to December 2023, in bunches of 15 or more tickets to each event at a total cost of approximately $46.7 million and then reselling them for $52.4 million, netting approximately $5.7 million.

Taylor Swift.Lewis Joly / AP file

That includes $1.2 million from reselling tickets in 2023 for Taylor Swift’s record-breaking “The Eras Tour.” In one instance, the suspects used 49 different accounts to purchase 273 tickets for Swift’s March 2023 tour stop in Las Vegas, vastly exceeding Ticketmaster’s six-ticket limit, which they then sold for $120,000, the FTC alleges.

Another part of the alleged scheme involved using friends, family and paid strangers to open Ticketmaster accounts. The FTC says the defendants at one point printed up flyers in places like Baltimore claiming that participants could “make money doing verified van sign ups” in just “3 easy steps,” earning $5 for the account creation and $5 to $20 each time they received a Verified Fan presale code.

Ticketmaster came in for heavy criticism after fans complained of faulty technology and eye-watering prices for 2022 sales for Taylor Swift and Bruce Springsteen’s tours. The Verified Fan pre-sale for Swift’s tour crashed its site, which it blamed on “bot attacks” and bot fans who didn’t have invite codes. It was subsequently forced to postpone the sale date for the general public seeking tickets to Swift’s tour “due to demands on ticketing systems and insufficient remaining ticket inventory.”

In response, Swift alluded to broken “trust” with Ticketmaster, though she didn’t name it directly.

“It’s really difficult for me to trust an outside entity with these relationships and loyalties, and excruciating for me to just watch mistakes happen with no recourse,” she wrote in an Instagram message in 2022, adding: “I’m not going to make excuses for anyone because we asked them multiple times if they could handle this kind of demand and we were assured they could.”

Springsteen said in a statement at the time that “ticket buying has gotten very confusing, not just for the fans, but for the artists also” but that most of his tickets are “totally affordable.”

In March, President Donald Trump signed an executive order focused on curbing exploitative ticket reselling practices that raise costs for fans.

On Monday, FTC Chairman Andrew N. Ferguson said Trump’s order made clear ‘that unscrupulous middlemen who harm fans and jack up prices through anticompetitive methods will hear from us.”

“Today’s action puts brokers on notice that the Trump-Vance FTC will police operations that unlawfully circumvent ticket sellers’ purchase limits, ensuring that consumers have an opportunity to buy tickets at fair prices,” he said in a statement.

Ticketmaster itself has remained under federal scrutiny for violating a prior agreement to curb what regulators said was anti-competitive behavior. In 2024, the Justice Department and FTC under President Joe Biden opened a lawsuit against Ticketmaster’s parent company, LiveNation, that accused it of monopolizing the live events industry.

It was not immediately clear whether that suit is still active. In July, the parent company of the alleged operation charged Monday by the FTC, Key Investment Group, sued the agency to block its pending investigation into its sales practices, saying that ticket purchases on its site did not use automated software, or bots, and did not violate the 2016 Better Online Ticket Sales (BOTS) Act.

Representatives for the FTC and Justice Department did not respond to a request for comment. Ticketmaster is not accused of wrongdoing in the latest suit. It did not respond to a request for comment.

Strangely, in the latest complaint, the FTC includes a slide from an internal Ticketmaster presentation from 2018 that suggests the company was weighing the economic impact of imposing stricter purchasing caps that would curb bots but potentially hurt its finances. On a page labeled “evaluating potential actions” a data table is shown under the heading “serious negative economic impact if we move to 8 ticket limit across the board.”

It also includes an email from one of the defendants in which he “owns up” to having exceeded the ticket-purchase limit for a May 2024 Bad Bunny show in Miami and offers to have the orders canceled, to which a Ticketmaster rep simply responds that “as long as the purchases were made using different accounts and cards, it’s within the guidelines.”

Efforts to reach the three defendants — Taylor Kurth, Elan Rozmaryn and Yair Rozmaryn — named in the suit announced Monday were unsuccessful. In 2018, Kurth signed a deal, or consent decree, with regulators in the state of Washington that committed him to not use software designed to circumvent companies’ security policies.

The FTC is seeking unspecified damages and civil penalties against the defendants.

CORRECTION (Aug. 19, 2025, 11:41 a.m. ET): An earlier version of this article incorrectly named a party suing the FTC and which investigation it was suing over. Key Investment Group, the parent of the alleged operation cited in the suit filed Monday by the FTC, sued the agency in July to halt an investigation into its practices. Ticketmaster and its parent, Live Nation, are not directly involved in that investigation or Key’s suit against the agency.

This post appeared first on NBC NEWS

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In Politics

Russia launches largest attack on Ukraine this month following Trump’s meetings with Putin, Zelenskyy

3 Mins Read

Russia launched its largest attack of the month against Ukraine while Ukrainian President Volodymyr Zelenskyy met with U.S. President Donald Trump and European leaders at the White House.

The attack also comes after Russian President Vladimir Putin’s meeting with Trump in Alaska last Friday, during which Putin refused an immediate ceasefire and demanded that Ukraine give up its eastern Donetsk region in exchange for an end to the conflict that began with a February 2022 invasion by Moscow. Trump later said he had spoken on the phone with Putin about arrangements for a meeting between the Russian president and Zelenskyy.

Ukraine’s air force said Russia launched 270 drones and 10 missiles into Ukraine on Monday night and into Tuesday, but that 230 drones and six missiles were intercepted or suppressed. The air force reported that 40 drones and four missiles struck across 16 locations, and debris was said to have fallen on three sites.

‘While hard work to advance peace was underway in Washington, D.C. … Moscow continued to do the opposite of peace: more strikes and destruction,’ Ukrainian Foreign Minister Andrii Sybiha wrote on X. ‘This once again demonstrates how critical it is to end the killing, achieve a lasting peace, and ensure robust security guarantees.’

Energy infrastructure in the central Poltava region was a target of the strikes, according to Ukraine’s Energy Ministry. The casualty figures were not immediately released by officials.

‘As a result of the attack, large-scale fires broke out,’ the ministry said in a statement.

Oil refining and gas facilities were attacked, the ministry added, saying the strikes were the latest ‘systematic terrorist attacks against Ukraine’s energy infrastructure, which is a direct violation of international humanitarian law.’

The attack was the largest since Russia launched 309 drones and eight missiles into Ukraine on July 31, according to the air force.

Russia’s Defense Ministry said its forces shot down 23 Ukrainian drones on Monday night and into Tuesday morning.

Both sides have been targeting infrastructure, including oil facilities.

Zelenskyy had criticized Moscow for earlier strikes on Monday ahead of his meeting at the White House in which at least 14 people were killed and dozens more were injured.

‘The Russian war machine continues to destroy lives despite everything. Putin will commit demonstrative killings to maintain pressure on Ukraine and Europe, as well as to humiliate diplomatic efforts. That is precisely why we are seeking assistance to put an end to the killings,’ he wrote Monday morning on X.

Reuters contributed to this report.

This post appeared first on FOX NEWS

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In Stocks

Here’s why the Rolls-Royce share price could slip below 1000p

3 Mins Read

The Rolls-Royce share price has moved sideways this month as the recent surge faded. It dropped to a low of 1,067p on Tuesday, down from the year-to-date high of 1,110p. This article explores the top reasons why the stock may be on the cusp of a brief reversal. 

Rolls-Royce share price technicals point to a brief reversal

The weekly chart shows that the Rolls-Royce stock price has been in a strong rally in the past few months. It has remained much higher than the 100 and 50-week Exponential Moving Averages (EMA), a sign that bulls are in control for now.

The 100-day EMA is at 905p, while the 50-week figure is at 990p. As such, there is a risk that the stock will go through a mean reversion, where it moves back to its historical average. A good example of this is what happened in April when it plunged to the two averages.

The other major risk is that the stock may undergo a mean reversion, a phenomenon that has already begun to occur. Mean reversion happens when an asset’s oscillator starts moving downwards as the price rises.

The chart below shows that the Relative Strength Index (RSI) has been moving downwards and is now nearing the neutral point at 5o. Also, the Percentage Price Oscillator (PPO), which is a unique form of the MACD indicator has started to point downwards. 

Therefore, it is likely that the stock will have a slight pullback to at least 900p and then resume the uptrend. A move above the all-time high of 1,110p will invalidate the bearish view and point to more gains. 

Rolls Royce stock chart | Source: TradingView

Rolls Royce Holdings has strong fundamentals

To be clear: the bearish Rolls-Royce stock price forecast is not a sign that the company has major issues. It is based on technicals, which have formed on the weekly and daily chart timeframes. 

Rolls-Royce Holdings has strong fundamentals as demonstrated by its most recent financial results. Its revenue jumped by 13% in the year’s first half to £9 billion, while its gross profit jumped by 33% to £2.5 billion, helped by the management’s cost optimizations. Its operating profit soared by 50% to £1.7 billion, while the free cash flow rose to £1.58 billion. 

These results demonstrated that Rolls-Royce’s business was doing well in terms of its top-line and bottom-line. Additionally, its balance sheet improved to £1.08 billion from a negative £822 million in the same period last year. 

Rolls-Royce’s three businesses: civil aviation, power, and defence, are all having major tailwinds. Civil aviation is thriving as evidenced by the recent earnings by IAG, United, and Lufthansa. 

The defence segment’s revenue rose by 1% to £2.2 billion, driven by the transport, helicopters, and combat. Also, the power systems division jumped by 20%, helped by the AI tailwinds.

The only major fundamental risk facing the Rolls-Royce stock price is that it is highly overvalued. It has a forward price-to-earnings multiple of 61, much higher than the sector median of 23. 

The post Here’s why the Rolls-Royce share price could slip below 1000p appeared first on Invezz

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In World news

Top 10 Iron Ore-producing Countries

10 Mins Read

Iron ore prices have displayed volatility in the past half decade as the world has dealt with the economic uncertainty surrounding COVID-19 lockdowns, the Russia-Ukraine war, ongoing conflicts in the Middle East and rising trade tensions.

Prices for the base metal reached a record high of over US$220 per metric ton (MT) in May 2021, but that level wouldn’t hold for long as lower demand from China alongside rising supply levels caused prices to dropped drastically in late 2021.

Iron ore prices rebounded to trade in the US$120 to US$130 range in 2023, spurred on by supply issues in Australia and Brazil, as well as the Russia-Ukraine war; higher export duties in India and renewed demand from China have also contributed to the commodity’s higher prices.

However, that positive sentiment in the iron ore market evaporated in 2024 as the global economic outlook weakened on higher interest rates, lower demand and challenges in China’s property sector. After starting the year at a high of US$144 per MT, iron ore prices slid to finish out the year at about US$95.

A cyclical rebound in Chinese steel production in Q1 2025 did manage to push prices for the metal back above US$100 again to briefly touch US$107 per MT in February. However, in Q2 2025, China’s economic woes, a growing surplus in iron mine supply and steel and aluminum tariffs were responsible for pressuring iron ore prices back down below US$95 as of late June.

‘Geopolitical tensions have spurred some countries to explore alternative sources of iron ore, raising the profile of new geographic markets,” reports Fastmarket in its June 2025 iron ore market outlook. “The emergence of resource nationalism, where governments exert greater control over mineral resources, is further complicating trade. Policy changes in iron ore-consuming regions, driven by trade tensions and domestic priorities, have led to adjustments in global supply chains.”

To better understand the dynamics of the iron ore market, it’s helpful to know which countries are major producers. With that in mind, these are the top 10 for iron ore production by country in 2024, using the latest data provided by the US Geological Survey. Production data for public companies is sourced from the mining database MDO.

1. Australia

Usable iron ore: 930 million metric tons
Iron content: 580 million metric tons

Australia is the largest iron producing country by far, with usable iron ore production of 930 million metric tons in 2024. Australia’s leading iron ore producer is BHP Group (ASX:BHP,LSE:BHP,NYSE:BHP), and Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Fortescue (ASX:FMG,OTCQX:FSUMF) are also large iron producers.

The Pilbara region is the most notable iron ore jurisdiction in Australia, if not the world. In fact, Rio Tinto calls its Pilbara Blend ‘the world’s most recognised brand of iron ore.’ One of the company’s iron producing operations in the region is Hope Downs iron ore complex, a 50/50 joint venture with Gina Rinehart’s Hancock Prospecting. The complex hosts four open-pit mines with an annual production capacity of 47 million metric tons.

In June 2025, the partners announced a combined investment of US$1.6 billion to develop the Hope Downs 2 iron ore project, a part of the main JV. The project hosts the Hope Downs 2 and Bedded Hilltop deposits, which together will have a total annual production capacity of 31 million metric tons.

As for BHP, the major iron miner’s Western Australia Iron Operations joint venture comprise five mining hubs and four processing hubs. One such hub is Area C, which hosts eight open-cut mining areas alone. The company also has an operating 85 percent interest in the Newman iron operations.

2. Brazil

Usable iron ore: 440 million metric tons
Iron content: 280 million metric tons

In Brazil, iron production totaled 440 million metric tons of usable iron ore in 2024.

The largest iron ore districts in the country are the states of Pará and Minas Gerais, which together account for 98 percent of Brazil’s annual iron ore output. Pará is home to the largest iron ore mine in the world, Vale’s (NYSE:VALE) Carajas mine. Headquartered in Rio de Janeiro, Vale is the world’s biggest producer of iron ore pellets.

Vale announced plans in February 2025 to make significant investments in increasing its production at Carajas by 13 percent through 2030.

3. China

Usable iron ore: 270 million metric tons
Iron content: 170 million metric tons

China’s iron production amounted to 270 million metric tons of usable iron ore in 2024. The Asian nation is the world’s largest consumer of iron ore, despite being the third largest iron-producing country.

China’s top producing iron ore mine is the Dataigou iron mine in Laioning province, with production of 9.07 million metric tons in 2023. The underground mine is owned by Glory Harvest Group Holdings.

With China being the world’s largest producer of stainless steel, its domestic supply is not enough to meet demand. The country imports over 75 percent of global seaborne iron ore as of mid-2025.

3. India

Usable iron ore: 270 million metric tons
Iron content: 170 million metric tons

India’s iron production for 2024 totaled 270 million metric tons of usable iron ore, tying for third place with China.

India’s largest iron ore miner, NMDC (NSE:NMDC), operates the Bailadila mining complexes in Chhattisgarh state and the Donimalai and Kumaraswamy mines in Karnataka state. NMDC hit a production milestone in 2021 of 40 million metric tons per year, the first such company to do so in the country. NMDC is targeting an annual production rate of 100 million metric tons by 2030.

5. Russia

Usable iron ore: 91 million metric tons
Iron content: 53 million metric tons

Russia’s iron ore production came in at 91 million metric tons in 2024, making it the fifth largest iron-producing country in the world.

The region of Belgorod Oblast is home to two of the country’s biggest iron ore producing mines: Metalloinvest’s Lebedinsky GOK, which in 2023 produced an estimated 22.05 million metric tons of iron ore; and Novolipetsk Steel’s Stoilensky GOK, which that same year produced an estimated 19.56 million metric tons of iron ore.

In response to serious economic sanctions on the country over its aggressive war against Ukraine, Russia’s iron ore exports fell dramatically in 2022 to 84.2 million metric tons from 96 million metric tons in the previous year. Together, these two countries previously accounted for 36 percent of global iron or non-alloy steel exports. The European Union has restricted imports of Russian iron ore.

Last year, imports of iron ore from Russia to the EU seemingly fell off a cliff, dropping from 332,300 tons to 9,360 tons.

6. Iran

Usable iron ore: 90 million metric tons
Iron content: 59 million metric tons

Iran surpassed 90 million metric tons in iron production in the form of usable iron ore in 2024. The country’s iron output has been on the rise in recent years — now in sixth place, it was the eighth highest iron producer in 2022 and the 10th in 2021.

One of Iran’s most important iron ore mines is Gol-e-Gohar in Kerman province, which is also the country’s top producer. During the March 2024 to January 2025 period, the country’s major mining companies’ combined iron pellet production reportedly increased by 7 percent year-over-year.

The country’s iron mines are supplying its steel industry, which produced 31 million MT of steel in 2024. In its 20 year roadmap released in 2005, the Iranian government set an annual steel production target of 55 million MT by 2025. To better meet the requirements of domestic steel producers, Iran began levying a 25 percent duty on iron ore exports in September 2019. The exact rate has changed multiple times since, and in February 2024 the country cut duties on these products significantly.

7. South Africa

Usable iron ore: 66 million metric tons
Iron content: 42 million metric tons

South Africa’s iron production was 66 million metric tons of usable iron ore in 2024. The country’s output has declined significantly in the past few years, down from 73.1 million MT three years earlier. South Africa’s mining industry is grappling with transport and logistics issues, most notably due to railway maintenance challenges.

Kumba Iron Ore is Africa’s largest iron ore producer. The company has three main iron ore production assets in the country, including its flagship mine, Sishen, which accounts for a large majority of Kumba’s total iron ore output. Anglo American (LSE:AAL,OTC Pink:AAUKF) owns a 69.7 percent share of the company.

8. Canada

Usable iron ore: 54 million metric tons
Iron content: 32 million metric tons

Canada’s iron production totaled 54 million metric tons of usable iron ore in 2024. In June of that year, the Canadian government updated the nation’s Critical Minerals List ‘to include high-purity iron, citing the necessity of that mineral’s role in decarbonization throughout the steel supply chain,’ according to the USGS.

Champion Iron (TSX:CIA) is one company producing iron ore in Canada. It owns and operates the Bloom Lake complex in Québec. Champion Iron ships iron concentrate from the Bloom Lake open pit by rail, initially on the Bloom Lake Railway, to a ship loading port in Sept-Îles, Québec. A Phase 2 expansion, which entered commercial production in December 2022, increased annual capacity from 7.4 million metric tons to 15 million metric tons of 66.2 percent iron ore concentrate.

As of 2025, Champion is investing in upgrading half of its Bloom Lake mine capacity to a direct reduction quality pellet feed iron ore with up to 69 percent iron.

9. Ukraine

Usable iron ore: 42 million metric tons
Iron content: 26 million metric tons

Ukraine’s iron production for 2024 was 42 million metric tons of usable iron ore. The metal represents a key segment of the country’s economy. Metinvest and ArcelorMittal (NYSE:MT) are the leading producers of iron ore in the nation.

Despite the ongoing war, Ukraine’s iron ore mining industry has proved as resilient as the people, even though there have been temporary shutdowns. However, 2025 looks to be turning into a particularly hard year. In the January through April period, iron ore exports decreased by 20.9 percent in value terms and by 10.2 percent in physical volumes year-over-year. GMK Center predicted in May that by the end of this year, ‘Ukraine’s iron ore exports will decline by about 20% y/y to 27 million tons from 33.6 million tons in 2024.’

10. Kazakhstan

Usable iron ore: 30 million metric tons
Iron content: 9.2 million metric tons

Kazakhstan’s iron production came in at 30 million metric tons of usable iron ore in 2024.

Kazakhstan has several iron ore mines in operation, with four of the top five owned by Eurasian Resources Group. The largest of these iron ore mines is the Sokolovsky surface and underground mine located in Kostanay. In 2023, it produced an estimated 7.52 million tonnes per annum of iron ore.

The Sokolov-Sarybai Mining Production Association (SMPA) in Northern Kazakhstan was the main supplier of iron ore to Russia’s Magnitogorsk Iron and Steelworks prior to the country’s invasion of Ukraine. Since then, the SMPA has halted iron ore shipments to Magnitogorsk.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Trump moves to broker Putin-Zelenskyy meeting following DC peace talks

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President Donald Trump said he spoke with Russian President Vladimir Putin Monday, after meeting with Ukrainian President Volodymyr Zelenskyy and European leaders at the White House, to begin coordinating next steps in the peace process aimed at ending the war in Ukraine. 

The president posted on his Truth Social platform Monday evening saying that he had called Putin at the conclusion of a day of meetings to begin ‘the arrangements for a meeting’ between the Russian president and his Ukrainian counterpart. Trump’s call to Putin mirrored his decision to call Zelenskyy following Friday’s Alaska summit with Putin. 

‘At the conclusion of the meetings, I called President Putin, and began the arrangements for a meeting, at a location to be determined, between President Putin and President Zelenskyy,’ Trump confirmed, following media reports hinting at the call.

The president added that after the meeting between the two warring presidents, there would be a trilateral meeting with the United States as well. 

‘After that meeting takes place, we will have a Trilat, which would be the two Presidents, plus myself,’ the president continued. ‘Again, this was a very good, early step for a War that has been going on for almost four years.’

Yury Ushakov, a top aide to Russian President Vladimir Putin, said Trump and Putin were on the phone for about 40 minutes and held a ‘candid and very constructive’ dialogue, according to CNN.

Putin ‘expressed support for direct negotiations between the delegations of Russia and Ukraine,’ Ushakov reportedly added.

Officials familiar with Monday’s talks also reportedly said Trump’s call to Putin came in-between talks with the European leaders present at the White House. Meanwhile, one of those leaders, German Chancellor Friedrich Merz, reportedly said Putin agreed in the call with Trump to meet Zelenskyy in two weeks. 

Earlier in the day, Trump was caught in a hot-mic moment telling French President Emmanuel Macron that Putin wants to find a resolution to bring the war in Ukraine to an end for him.

‘I think [Putin] wants to make a deal,’ Trump whispered to Macron in the East Room as they were preparing for Monday’s talks. ‘I think he wants to make a deal for me, you understand that? As crazy as it sounds.’

Following Monday’s talks, Zelenskyy thanked Trump and all the other leaders present in D.C. for their work in trying to bring peace to his country, noting that the talks were ‘long and detailed.’  

‘Today, important negotiations took place in Washington. We discussed many issues with President Trump. It was a long and detailed conversation, including discussions about the situation on the battlefield and our steps to bring peace closer,’ Zelenskyy said in a post on X Monday night.

‘We appreciate the important signal from the United States regarding its readiness to support and be part of these guarantees. A lot of attention today was given to the return of our children, to the release of prisoners of war and civilians held by Russia. We agreed to work on this,’ Zelenskyy continued. ‘The U.S. President also supported a meeting at the level of leaders. Such a meeting is necessary to resolve sensitive issues.’ 

Fox News Digital reached out to the White House for comment on this but did not receive a response.

This post appeared first on FOX NEWS

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