Raymond James initiated coverage on SpaceX (SPCX.O) with a STRONG BUY rating and a PT of $800.

President Trump said Toyota is moving from Mexico to Texas and called the move very important.

BHP said Chile’s Antofagasta Environmental Assessment Commission approved the first major environmental permit for the Escondida expansion, enabling the roughly $14.7bn project to move forward. The permit covers early-stage sulfide leaching and power upgrades costing about $1.3bn; further major upgrades to the mine and processing facilities remain subject to later approvals. Escondida is the world’s largest copper mine; BHP holds 57.5%, Rio Tinto 30% and the remainder is held by a Japanese consortium. BHP aims to double annual copper production to over 2.0mt by the mid-2030s, a target heavily dependent on its Chile operations. The company expects to invest $10.7–14.7bn in Chile over coming years and has applied for permits for a $1.5bn restart of Cerro Colorado and a $5.9bn new concentrator.