
Norway sovereign wealth fund to vote against Rio Tinto dual-listing review resolution
Norges Bank Investment Management will vote against a resolution for mining major Rio Tinto to review its two listings in London and Sydney, the website for Norway’s sovereign wealth fund showed.Rio Tinto shareholders are set to vote on the resolution, brought by London-based hedge fund Palliser Capital and more than 100 other shareholders, at the world’s largest iron ore miner’s annual general meeting on Thursday.

Nippon, US Steel offer increased investment to Trump officials to close deal
Nippon Steel and US Steel are in active talks about a deal that would preserve their $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt facilities, Semafor reported on Thursday.In recent meetings with White House officials, Nippon has offered to increase the $2.7 billion it had previously offered to upgrade US Steel factories to as much as $7 billion, the report said, citing people familiar with the matter.Nippon Steel declined to comment, while US Steel did not immediately respond to Reuters‘ requests for comment.

Tin prices jump after earthquake hits Myanmar
Tin prices hit two-week highs in London on Friday as speculators bet that an earthquake that rocked major producer Myanmar could delay a restart of production in its main mining region.Benchmark tin on the London Metal Exchange rose 2.5% to $36,140 per metric ton by 1508 GMT after hitting $36,635, its strongest since March 14. A break above $37,100 would take it to the highest since mid-2022.