According to Financial Times, on May 1, Donald Trump Jr. and Eric Trump merged their shell company with a Kazakhstan critical minerals group that received $1.6 billion in U.S. government support. The tungsten mining project involves deposits in northern Kazakhstan’s Katpar and Upper Kairakty regions. Trump Jr. joined the company’s advisory board and acquired equity stakes in late 2024, with financing provided by the U.S. Export-Import Bank and other institutions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ICE Expands IRM 2 VaR Margin Model Into ERCOT Power Futures, Open Interest Up 23%
Intercontinental Exchange extended its IRM 2 Value-at-Risk portfolio margining framework into ERCOT power futures and options, broadening a risk model already applied across more than 1,000 global energy derivatives contracts. ERCOT futures and options open interest rose 23% year-over-year while
GateNews51m ago
India, Russia in Talks on Critical Minerals Pact Covering Lithium and Rare Earths
According to two sources familiar with the matter, India and Russia are in deep negotiations on a critical minerals cooperation agreement covering lithium and rare earths, with the pact expected to be signed within two months. The agreement will encompass exploration, processing, and technical coope
GateNews1h ago
Commonwealth Bank Forecasts U.S. Core Inflation May Exceed Consensus on May 12
According to Commonwealth Bank of Australia strategist Sarah Hammoud on May 12, core U.S. inflation could exceed market consensus expectations. Hammoud cited energy price spillover effects on airfare and food costs as a key risk factor. If core inflation comes in higher than expected, it would
GateNews1h ago
China's Coastal Coal Freight Rate Index Falls 3.2% to 1207.64 Points on May 12
According to Jin10 Futures, China's Coastal Bulk Freight Index (CBCFI) fell to 1207.64 points on May 12, down 3.2%. The decline was driven by reduced cargo availability in the shipping market, as downstream terminals showed limited acceptance of coal despite strong summer electricity demand
GateNews1h ago
Aluminum Prices May Reach $4,000/Ton Amid Middle East Supply Disruption, Says CRU
According to CRU Group, supply disruptions stemming from Middle East conflict could create a global aluminum market shortage of approximately 1.4 million tons this year. European aluminum premiums may rise to as high as $700 per ton.
GateNews1h ago
China Domestic Airline Fuel Surcharges Rise to 90 Yuan, 170 Yuan Starting May 16
According to Jin Shi Data, China's domestic airline fuel surcharges will increase starting May 16. Flights of 800 kilometers or less will see rates rise from 60 yuan to 90 yuan, while routes exceeding 800 kilometers will increase from 120 yuan to 170 yuan, representing increases of 30 yuan and 50 yu
GateNews1h ago
