mining

Big Chinese stimulus juices metals, and Fortescue announces plans to buy 100 electric trucks

Kitco Media
By Michael McCrae
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Kitco News - This week China's government pumped more liquidity into financial markets and cutting interest rates to try to pull its economy out of a deflationary spiral and back toward its growth target.

On Saturday mining audiences manager Michael McCrae recorded Kitco Roundtable.

The Chinese stimulus was good for the metals with copper, gold and silver reporting gains.

In mining news Fortescue announces plans to buy a fleet of 100 electrical trucks.

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.