• Numerous trade-policy headlines touched off another volatile day on Wall St, with the S&P 500 Index’s 3-week selloff briefly reaching 10% (Bloomberg)

• Trump reversed course on a pledge to double tariffs on steel and aluminum from Canada to 50%, just hours after announcing the higher tariffs (Reuters)

• Premiums for consumers buying aluminium on the physical market in the US soared to record highs on the back of tariffs, jumping 20% (USN)

• Fortescue stock fell to 2.5 year lows on weakening iron ore sentiment (West)

• Angola’s president will facilitate direct communications between DRC’s president and the M23 group (ACTU30)

• Australia will not be exempt from U.S. steel and aluminium tariffs that Trump's administration will impose (Reuters)

• Peabody’s Aussie coal deal with Anglo is under a cloud after its shares have tumbled, the coal price has fallen & funding costs have blown out (Australian)

• Rio investor warns it faces a Brexit moment with London-listing vote (AFR)

• Nickel Industries shares traded down amid speculation the cost of royalties in Indonesia may rise (BN)

• Agnico Eagle took the crown as the world’s most valuable gold company in the last week of Feb, which saw its stock hit a high of +US$100/sh (MNN)

• Labor will fall well short of a pledge to reach 82% renewables by 2030, according to new modelling (Australian)

• Scarce funding in Brazil is prompting rare earth developers to consider sales deals tied to future output as collateral for international loans (Bloomberg)

• Raleigh Finlayson lauded re-elected Deputy Premier Rita Saffioti for helping him shift a rail terminal in Leonora to make way for his new gold mine (West)

• According to Street Talk, Peabody Energy is reportedly shopping around a minority stake in its US$1.6bn Centurion coal mine (AFR)

• The scheme booklet for Northern Star’s proposed acquisition of De Grey landed (DEG) and I know you never read scheme booklets but there’s a lot of very interesting detail here - especially in light of the Street Talk column on Friday…. Give CTRL+F a whirl.

• Develop shared an updated investor presentation, flagging the process for a minority interest in Woodlawn (up to 20%) has begun, with interested parties having site visits (DVP)

• Rio Tinto sold US$9b of US investment-grade bonds Tuesday, raising funds for its just-closed acquisition of Arcadium Lithium (Bloomberg)

• Sandfire established an unsecured US$650m revolver with a syndicate of lenders, replacing its previous undrawn facility. It’ll use the funds to repay the remaining MATSA & Motheo debt (totalling US$440m), with the balance available for general purposes (SFR)

• Highlander Silver raised C$32m via a bought-deal placement to fund its San Luis gold-silver project in Peru (HSLV)

• Black Cat is in a trading halt to raise capital, with flyers out for a two-tranche $65m placement at 76c (BC8)

We’re feeling generous this morning so here are 3 things for Word on the Decline

1. Want to know why the uranium equities across the entire sector have enormous short interest, this tweet from Koala gives the explanation. Reckon we should unpack this in a poddy?

2. We’re hearing whispers of more substantial downsizing of IGO’s exploration team. Unverified but unsurprising given the miner’s strategic review. It does have us wondering about the exploration opportunities that could emerge as IGO likely drops tenure around the country

3. Is it too late to take back yesterday’s Lynas suggestion? We meant Verdanta. Oops

• Sprott’s CEO, John Ciampaglia on whether SPUT would sell pounds to fund its expenses (YouTube)

• Dissecting the BHP error trade (skyquake_1) A great write-up on the 750k @ $42 order that kept us entertained last week, not all of it is intuitive

• Why the US keeps losing to China in the battle over critical minerals (WSJ)

• Geoff Wilson on investing lessons, mistakes, the banks, and why you should get on X (Livewire)

• Strictly Boardroom: Rethinking gold production (MNN)

Were you forwarded this email from someone else?

All information in this newsletter is for education and entertainment purposes only and is of general nature only. The Money of Mine team are not financial professionals. Money of Mine are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional, along with considering any relevant Product Disclosure Statement. Money of Mine does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. Money of Mine strives to ensure the accuracy and currency of the information contained in this newsletter but we do not make any representation or warranty that it is accurate, reliable or up to date. Any views expressed by the hosts of Money of Mine are their opinion only and may contain forward looking statements that may not eventuate. Money of Mine will not accept any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of information in this newsletter. Information relating to our Privacy Policy is available online here.