High Yield Nuggets: Metals & Mining Weekly: ALU tariff change helps CENX, X replacing hot mill, FMCN announcements

Research evidence excerpt

High Yield Nuggets: Metals & Mining Weekly: ALU tariff change helps CENX, X replacing hot mill, FMCN announcements

General Metals & Mining

07/10/2026: Bloomberg reports BHP is exploring the sale of a Chilean desalination

plant and electricity-transmission assets, potentially valued at a combined $1.5bn-

$2.0bn. Valuation, timing and structure remain under discussion as BHP seeks to unlock

up to $10bn from infrastructure and other non-core assets to fund copper growth.

07/11/2026: Reuters reports Saudi Arabia appointed Energy Minister Prince Abdulaziz

bin Salman as minister of industry and mineral resources in addition to his existing role.

Bandar Alkhorayaf was removed from that position, appointed minister of state and

assigned oversight of the General Authority for Military Industries.

07/13/2026: Please review our equity counterpart's European Metals & Mining Weekly

report: Commodity price changes. Steel expert call. Mini-Primer correlations. South32.

07/17/2026: Please review our equity counterpart's European Metals & Mining Weekly

report: Copper projects. Ghana call. DeBeers restructure. RIO + ANTO + BHP production.

China Watch

07/08/2026: Bloomberg reports China’s economy remains broadly stable but faces

“structural divergence,” as technology and electronics manufacturing outperform

consumer-dependent sectors amid a weak labor market. The PBOC pledged more

forward-looking, flexible and targeted policies and ample liquidity, while showing limited

near-term appetite for broad-based easing.

07/09/2026: Bloomberg reports China’s reflation slowed in June as consumer and core

inflation weakened more than expected. Factory prices fell 0.3% m/m, the first decline

since July 2025, despite +4.1% y/y producer inflation; analysts still expect a 10bp PBOC