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China's leading EV battery makers, CATL and Gotion High-tech, are expanding into shipbuilding to support Beijing's dominance in the industry. CATL plans to launch a pure electric vessel in three years, while Gotion's battery packs power a ship with 132 standard containers. China's shipbuilding firms held 65% of global orders in 2025. The US and South Korea are also increasing efforts in shipbuilding. Jiangnan Shipyard plans to build the world's first nuclear-powered container vessel by 2035.
Nukik Corporation and Agnico Eagle Mines Limited signed a Memorandum of Understanding for the Kivalliq Hydro-Fibre Link, a clean-energy and broadband corridor connecting Nunavut's Kivalliq region to Manitoba. This Inuit-led project aims to replace diesel use and enhance sustainability for Agnico Eagle's northern operations. While it strengthens Agnico Eagle's sustainability profile, key factors like gold prices and major project costs remain crucial for its growth narrative. The partnership could reshape Agnico Eagle's investment narrative around growth and sustainability.
Morgan Stanley analyst Wei Dustin maintained a Buy rating on Pop Mart International Group Limited with a price target of HK$325.00. The company's shares closed at HK$190.40. Dustin, a 4-star analyst, has an average return of 41.2% and a 37.93% success rate. The analyst consensus rating for Pop Mart is Strong Buy with an average price target of €40.49.
(Updates) Shares of gold miners fall, as metal prices reverse course (GOL/) Spot gold (XAU=) falls 0.2% to $4,272.97 per ounce Prices fall as U.S. dollar edges higher against other fiat currencies, making greenback-priced metals less affordable for foreign buyers (USD/) Top miners Newmontand Barrick Mining (ABX.TO) fall 2.3% and 2% respectivelyU.S.-listed shares of South African miners Harmony Golddown 1.2% and AngloGold Ashantifalls ~3%Canadian miners Agnico Eagle Mines (AEM.TO) down 1.4% and Kinross Gold (K.TO) falls 3.5%
** Shares of gold miners rise, tracking prices of the precious metal ** Spot gold up 1% at $4,327.31 per ounce** Prices rises bolstered by a soft dollar, expectations of interest rate cuts and safe-haven demand prompted by geopolitical turbulence** Top miners Newmont and Barrick Mining gain 1.3% and ~1% respectively** U.S.-listed shares of South African miners Harmony Gold up 1.1% and AngloGold Ashanti up marginally** Canadian miners Agnico Eagle Mines up 2% and Kinross Gold up ~1%
