Key News Overnight:
2 million people protested in Hong Kong, demanding leader Carrie Lam’s resignation a day after she suspended a contentious extradition bill. Protesters say the proposed law threatens the autonomy from a more authoritarian China.
Argentina said it isn’t ruling out a cyberattack after what President Mauricio Macri called an “unprecedented” power blackout struck five South American countries on Sunday. Macri said Argentina is investigating the incident, which began with an as yet unexplained fault in its power grid.
Saudi Arabia hopes OPEC and its allies will agree to extend oil production cuts into the second half of the year at a meeting that will probably take place in the first week of July, according to the country’s energy minister.
A mine strike in Chile and the threat of a global supply deficit aren’t enough to win over copper investors. Money managers are taking their net-bearish bets to the most in records going back to 2006, according to the latest U.S. government data.
Gold futures climbed above $1,350/oz on Friday to reach a 14-month high as rising geopolitical tensions bolster haven demand ahead of this week’s Federal Reserve meeting.
In This Issue:
St Barbara Ltd (SBM) | Simberi guidance upgrade | BUY | Analyst | James Wilson
SCEE (SXE) | Contract awards | BUY | Analyst | Ian Christie
Ramelius Resources (RMS) | 5-year life of mine plan | Not covered | No rating
South 32 (S32) | Hermosa Mineral Resource | Not covered | No rating
Recent Research:
Saracen Mineral Holdings (SAR), Atrum Coal NL (ATU), Ausdrill (ASL), Metro Mining (MMI)
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