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Weekly 27 Jan 2023

Riyadh’s announcement of a new copper mining project reflects Gulf Arab states’ efforts to diversify their economies away from hydrocarbons, but the success of any copper venture will depend on a long-term spike in world copper prices that is not guaranteed to materialize. However, even short-term profits will boost sovereign investment funds and provide opportunities for domestic investments to diversify local economies. 1 Barrick Gold Corporation, the world’s second largest producer of gold, […]
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