Funding & Business
Ramaco Resources CEO: We Are in a Mineral War with China
Ramaco Resources Inc. shares rose as much as 30%, the most intraday since March, after Fluor Corp. completed a preliminary economic assessment of the company’s Brook Mine. Ramaco’s mine is set to open the mine tomorrow alongside U.S. Secretary of Energy Chris Wright, Wyoming Governor Mark Gordon, U.S. Senators John Barrasso and Cynthia Lummis, U.S. Representative Harriet Hageman and former U.S. Senator and Ramaco Board member Joe Manchin. Randall Atkins said rare earth minerals can be found in coal, and he expects the mine to expect to be able to provide these essential materials for decades to come. (Source: Bloomberg)
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Natixis chief Asia Pacific economist Alicia Garcia Herrero says she expects Beijing to announce more monetary and fiscal stimulus in the second half of the year. She tells Bloomberg Television that China’s economy fared better than expected in the first six months of 2025, but further policy moves will be needed to hit targets. (Source: Bloomberg)
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Goldman Sachs Group Inc. strategists raised their forecast for Asian stocks, citing a more favorable macro environment and greater certainty around tariffs.
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Iron ore headed for a third weekly gain, potentially the best run since January, on speculation Beijing may do more to aid the struggling property sector, while also moving to tackle industrial overcapacity.
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