The Markets

LAGOS (Capital Markets in Africa) – The temperature’s rising and events this week will help investors figure out how to profit, not get burned. On top of tensions with China, Donald Trump will turn up the heat on Iran as some sanctions snap back into place as a prelude to oil curbs. Get ready for an on-air riposte from counterpart Hassan Rouhani, who plans an address later Monday. These guys have prior on Twitter, so it’ll be a signal of how they…

LAGOS (Capital Markets in Africa) – Miners that can offer a two-for-one supply deal for battery makers — cobalt plus nickel — are aiming to win a bigger slice of the spoils of the global electric vehicle boom. The two metals are often found in the same deposits, creating an opportunity for miners, and a suite of previously overlooked projects, as nickel joins cobalt as an increasingly important battery material. But, the arrangement isn’t without risks, as…

LAGOS (Capital Markets in Africa) – Emerging markets may be headed for a period of increased volatility as the midyear lull saps liquidity and the U.S.-China dispute leaves traders struggling to decipher the yuan’s likely direction. Chinese, Taiwanese and Philippine trade data for July this week will give an indication of whether the trade tension is starting to weigh on regional exports. The standoff has already prompted BlackRock Inc., the world’s largest asset manager, to trim its holdings…

LAGOS (Capital Markets in Africa) – The world’s most expensive precious metal is set to get even pricier as a mining retreat in South Africa threatens a supply shortage. Rhodium — a byproduct of platinum mining that’s used in the chemical sector and by the auto industry in catalytic converters — has more than trebled in value since the start of 2017. The silver-white element, named after the Greek word for rose, could go even…

LAGOS (Capital Markets in Africa) – The Republic of Congo’s oil minister denied allegations he embezzled state funds, as the government clamps down on corruption to secure International Monetary Fund aid. National Commission for the Fight Against Corruption Chairman Lamyr Nguele said Hydrocarbons Minister Jean-Marc Thystere-Tchicaya is suspected of being involved in the disappearance of at least $2.73 million between 2015 and 2017. The funds were intended for use in a building project in the…

LAGOS (Capital Markets in Africa) – Emerging markets struggled to gain traction amid heightened trade-war rhetoric and a slide in commodities. The largest stock ETF in developing nations started the month lower, and most currencies fell after China warned the U.S. against “blackmailing and pressuring” it over trade. Chile’s peso slumped with copper, while miner Vale led losses in raw-material peers. South Africa’s rand rose amid bets that the ruling party’s proposal to speed up land redistribution will reduce uncertainty,…