Morning Briefing: Investors Exit Gold ETFs, US gov't takes equity stake in graphite miner
Today's episode covers markets in the red, rising U.S. inflation forecasts, and record multi-billion-dollar outflows from gold and silver ETFs.
The U.S. government announced plans to take a strategic equity stake in Syrah Resources to support the Balama graphite mine and Vidalia anode facility. This proposed deal would convert existing loans into equity, giving the US government direct ownership in crucial natural graphite reserves while mobilizing further private investment.
Also in the news is Omai Gold Mines, Provenance Gold Corp, AngloGold Ashanti, Foran Mining, Equinox Gold, and K2 Gold…
The skinny
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