American Battery Commercializes Recycling Tech; BHP's $42 Billion Bid Rejected; Cleveland-Cliffs Praises Tin Tariffs And More: Monday's Top Mining Stories
With the earnings season now halfway through, the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.
American Battery Technology updates its initial assessment for TFLP, improving economics by using higher-quality resources and optimizing processing, and other mining stories from Wednesday.
Rising Treasury yields have investors cautious despite positive news from the earnings season.
The yield on the long-dated 30-year Treasury bond has surged to 4.79%. It’s on track to close at the highest level since early November, ahead of crucial economic data on Thursday.
Stocks surged as weak economic data raised hopes for Fed rate cut. S&P 500 up 1.2%, Nasdaq 100 up 1.5%, Dow Jones up 0.6%. Spotify shares jump 17% on earnings.