LONDON-LISTED PRECIOUS METALS MINERS FALL IN EARLY TRADE; HOCHSCHILD DOWN 4.4%, ANTOFAGASTA DOWN 3.9%

MetaX Integrated Circuits Shanghai Co. said 2025 revenue more than doubled to 1.6 billion yuan from 743 million yuan, driven by strong domestic AI demand as Nvidia Corp. is squeezed out of China, while losses narrowed to 779 million yuan; the firm added its C600 chip will enter mass production in H1 2026 and its stock has surged more than fivefold since its IPO.

German officials are mapping U.S. supply-chain vulnerabilities to identify potential leverage in future disputes with President Donald Trump, as part of a broader European effort to reassess transatlantic ties. Early options include targeting major U.S. tech firms such as Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc., as well as exploiting choke points in AI and semiconductor supply chains involving firms like ASML Holding NV. Officials also see leverage in Europe’s role in pharmaceuticals, chemicals and investment flows, while more extreme measures are viewed as unlikely due to potential economic and security fallout.