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According to Barrick’s chief operating officer for the Africa and Middle East region, Sebastiaan Bock, the airport terminal and Academy form part of Barrick’s plan to turn Buzwagi into a Special Economic Zone (SEZ).
The upside, however, remains capped in the wake of growing acceptance that the Fed will stick to its higher-for-longer interest rates narrative to bring down inflation.
Iron ore for April traded 3.9% higher at $103.80 a ton at 4:29 p.m. in Singapore, while yuan-priced futures in Dalian ended the session higher. Steel contracts in Shanghai were firmer.