XME

SPDR Metals & Mining ETF

Perpetua’s Stibnite project holds the biggest reserve of antimony in the U.S. The company began construction at the mine last week, having secured all the necessary permits.

Navarro also praised the administration’s 15% tariff on cars, describing it as a cornerstone of Trump’s trade strategy with Europe.

Trump is set to deliver his remarks at 5 p.m. ET on Friday at a U.S. Steel facility in Pennsylvania, a key swing state he carried in the 2024 election.

The steel producer reported an adjusted loss of $0.92 per share for the three months ended March 31, while analysts expected it to post a loss of $0.83 per share.

Anglo American said it does not believe that the stoppage at Moranbah North constitutes a material adverse change.

Investing.com -- A looming recession spells more pain for most metals and mining stocks, according to Barclays analysts, who see gold as “the best place to hide.”

The prospect of new trade restrictions has heightened concerns about inflation and potential trade wars, fueling demand for gold, traditionally seen as a hedge against economic and geopolitical instability.

Cleveland-Cliffs’ stock surge follows optimism around U.S. President Trump’s protectionist trade policies that could shield U.S. steelmakers from foreign competition.

On an adjusted basis, the company reported $53.7 million, or $3.20 per share, for the three months ended Dec. 31, compared with the average analysts’ expectation of $1.64 per share.