Bank of America Sees Historical High Earnings of Oil Refineries in Q1 2023

US President Trump announced on Friday that the US government will invest $3 billion in multiple critical mineral and battery projects to boost domestic capacity and serve national security and industrial policy goals.At a roundtable meeting held at the US Department of State, Trump told more than 200 mining executives, investors, academics, and government officials that the US has not paid enough attention to the mining sector in recent years, and that critical minerals are vital to the US economy and national security.

The Central Bank of Chile announced on Friday that copper export value of Chile, the world's largest copper producer, reached $5.37 billion in July, up 22.7% from a year earlier.The central bank said that the country's trade surplus in the month was $1.99 billion, below the $2.38 billion expected by surveyed economists.

The Indonesian Presidential Office said on Friday that mineral exports that had been blocked due to rare earth element (REE) detection have resumed, with aluminum hydroxide and alumina cargoes loaded and shipped from West Kalimantan province. Presidential Chief of Staff Abdurachman Dudung said in a statement that the alumina products, produced by PT Indonesia Chemical Alumina, had previously been held up due to "divergent interpretations" of the policy on rare earth element content in metal exports.