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Sigma Lithium (TSXV:SGML,NASDAQ:SGML) has secured another large-scale sale of high-purity lithium fines and activated a production-backed revolving credit facility as it ramps up operations in Brazil.

The lithium producer announced it has agreed to sell 150,000 metric tons (MT) of high-purity lithium fines containing 1 percent lithium oxide at a net final price of US$140 per MT upon warehouse delivery at the port of Vitória.

The buyer has the option to purchase a further 350,000 MT at market prices.

Sigma, which refers to the high-purity fines as a low-grade product, said the optional volumes provide flexibility to respond to market conditions and customer requirements.

According to the company, the sale of its low-grade product could generate proceeds equivalent to the sale of 70,000 MT of its high-grade lithium oxide concentrate. Sigma attributes the marketability of the fines to the processing technology at its Greentech plant, which uses dense media separation and dry stacking.

According to the São Paulo-based company, clients have achieved up to 60 percent recovery when reprocessing the material, producing lithium concentrate with over 4 percent lithium oxide content.

That higher-grade concentrate is currently priced at about US$1,370 per MT on average by Shanghai Metals Market.

“Our sequential sales of the Low Grade Product show how this material can generate recurring value, demonstrating its marketability,” said Marina Bernardini, Sigma vice president of business development. “Continuous demand for the Low Grade Product has supported the creation of an additional revenue stream for the Company.”

The February 13 agreement follows Sigma’s January sale of 100,000 MT of high-purity lithium fines.

At the time, the company reiterated that mining remobilization was proceeding as planned and pushed back against what it described as inaccurate media reports regarding an administrative process related to waste piles.

Alongside the new sale, Sigma confirmed that the resumption of production of its high-grade lithium oxide concentrate has triggered the start of pre-payments under a US$96 million revolving facility.

The unsecured binding agreement, signed with what the company describes as a leading company in the battery materials supply chain, calls for the delivery of 70,500 MT of high-grade concentrate in 2026.

Under the terms, fixed pre-payments of US$8 million are made 30 days prior to production and delivery to the port of Vitória. The first pre-payment was disbursed on January 13.

Each pre-payment carries interest at SOFR plus 1 percent for 30 days until final sale upon delivery. Pricing for each shipment is tied to prevailing spot market prices for high-grade lithium concentrate, as reflected in major industry indexes.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Silverco Mining (TSXV:SICO) is a production-stage silver company targeting opportunities in Mexico’s Sierra Madre Occidental belt. Its primary technical focus is optimizing the wholly owned Cusi Mining Complex in Chihuahua, an 11,665-hectare district-scale property. The site benefits from established, institutional-quality infrastructure—such as direct access to the national power grid and paved roads—significantly lowering the capital requirements for restarting operations.

The company is undertaking a definitive transition toward mid-tier producer status through a binding agreement to acquire Nuevo Silver. This deal gives Silverco control of the La Negra mine in Querétaro, a currently producing asset that delivers immediate top-line revenue. By pairing the near-term restart of the Cusi 1,200 tpd mill with ongoing production at La Negra, Silverco is effectively bypassing the multi-year development cycle typically faced by junior miners.

This “buy-and-build” strategy is driven by a technical team with specialized expertise in Mexican epithermal vein systems and complex underground mine engineering, positioning the company to accelerate growth while maintaining operational discipline.

Company Highlights

  • The $62.5 million upsized bought deal financing (closing Q1 2026) and Eric Sprott’s $10 million lead order provide cornerstone validation from a legendary mining investor and the necessary liquidity to fast-track production restarts.
  • The updated Mineral Resource Estimate of 41.2 million ounces of silver equivalent (AgEq) in the Measured and Indicated category establishes a high-confidence geological foundation at Cusi, supporting long-term mine planning.
  • The dual-track growth strategy involving the Cusi restart and the Nuevo Silver/La Negra acquisition provides immediate production scale and a diversified cash-flow profile across two distinct Mexican mining jurisdictions.
  • Pure-play silver exposure with significant de-risking is achieved via the 1,200 tonne-per-day (tpd) Cusi mill, which was producing as recently as 2023, ensuring that surface infrastructure is ‘warm’ and capable of a rapid return to service.
  • Imminent exploration catalysts exist following the completion of a 15,000-metre drill program at Cusi; results are currently pending and are expected to define high-grade extensions at the San Miguel vein.

This Silverco Mining profile is part of a paid investor education campaign.*

Click here to connect with Silverco Mining (TSXV:SICO) to receive an Investor Presentation

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Global central banks own about 17 percent of all the gold ever mined, with reserves topping 36,520.7 metric tons (MT) at the end of November 2025. They acquired the vast majority after becoming net buyers of the metal in 2010.

Central banks purchase gold for a number of reasons: to mitigate risk, to hedge against inflation and to promote economic stability. Increased concerns over another global financial crisis have as expected led central banks once again to build up their gold reserves.

In a mid-2025 survey, the World Gold Council (WGC) said that 95 percent of the central bankers it polled expect global gold reserves to increase over the next 12 months. The precious metal’s ‘performance during times of crisis’ was cited by 85 percent of respondents as highly or somewhat relevant to their decision, while 80 percent cited its long-term store of value.

Central banks added 863.3 metric tons of gold to their vaults in 2025. While this was lower than the previous three years, which all topped 1,000 MT each, the reserve gains were still well above the 2010 to 2021 annual average of 473 MT.

Yearly central bank gold purchases since 2019.

Chart via the WGC.

A record 95 percent of respondents to the WGC survey stated their belief that central banks will continue to grow their holdings, with 5 percent suggesting they would hold at current levels. For the second year in a row, no respondents expected reserves to decrease.

The Council found that sentiment was consistent across advanced and emerging economies and reflected the strategic role of gold amid dynamic economic and geopolitical uncertainty.

Which central banks hold the most gold?

Read on to find out the 10 top countries by central bank gold holdings, as per data from the WGC, including recent Q4 2024 and full-year 2024 reports.

1. United States

Gold reserves: 8,133.46 metric tons

When it comes to the largest gold depository in the world, the American central bank is number one with 8,133.46 metric tons of gold.

A large percentage of US gold is held in “deep storage” in Denver, Fort Knox and West Point. As the US Treasury explains, deep storage is “that portion of the US Government-owned gold bullion reserve which the Mint secures in sealed vaults that are examined annually by the Treasury Department’s Office of the Inspector General and consists primarily of gold bars.”

The rest of US-owned reserves are held as working stock, which the country’s mint uses as raw material to mint congressionally authorized coins.

2. Germany

Gold reserves: 3,350.3 metric tons

The Bundesbank, Germany’s central bank, currently owns 3,351.53 metric tons of gold. Like many of the central banks on this list, the German national bank stores a significant portion of its gold in foreign central banks.

Today, just over half of Germany’s gold holdings are stored within Frankfurt, while internationally 1,236 MT of gold is stored in the vaults of the New York Federal Reserve, and 12 percent of its holdings are in London.

The Bundesbank’s foreign gold reserves came into question in 2012, when the German Federal Court of Auditors, the Bundesrechnungshof, was openly critical of the Bundesbank’s gold auditing. The German bank issued a public statement defending the security of foreign banks. Privately, the Bundesbank then began the arduous process of repatriating some of its gold stock back to German soil. By 2016, more than 583 MT of gold had been transferred back to Germany.

The economic upheaval and geopolitical volatility brought about by US President Donald Trump’s tariff wars and adversarial posturing toward Europe has led to calls for Germany to consider further repatriating its gold, reported The Guardian in January 2026.

3. Italy

Gold reserves: 2,451.9 metric tons

Banca d’Italia, the national bank of Italy, holds 2,451.84 metric tons of gold. The central bank began amassing its gold in 1893, when three separate financial institutions merged into one. From there, its 78 MT of holdings slowly grew into the large gold reserves it holds today.

Like Germany, Italy stores parts of its reserves offshore. In total, 141.2 MT are located in the UK, 149.3 MT are in Switzerland and 1,061 MT are kept in the US Federal Reserve. Italy houses 1,100 MT of gold domestically.

4. France

Gold reserves: 2,437 metric tons

The Banque de France has 2,437 metric tons of gold reserves, all of which it keeps on hand. The precious metal is stored in the bank’s secure underground vault, dubbed La Souterraine, which is located 27 meters below street level.

La Souterraine’s gold vaults are one of the four designated gold depositories of the International Monetary Fund.

According to Investopedia, the collapse of the Bretton Woods gold standard system was in part due to former French President Charles de Gaulle, who “called the U.S. bluff and began actually trading dollars in for gold from the Fort Knox reserves.” At the time, US President Richard Nixon “was forced to take the U.S. off the gold standard, ending the dollar’s automatic convertibility into gold.”

5. Russia

Gold reserves: 2,326.5 metric tons

The Bank of Russia is the official central bank of the Russian Federation and owns 2,332.74 metric tons of gold. Like France, Russia’s central bank has opted to store all its physical gold domestically. The Bank of Russia stores two-thirds of its gold reserves in a bank building in Moscow, and the remaining one-third in Saint Petersburg.

The majority of the yellow metal is in the form of large, variable-weight standard gold bars weighing between 10 and 14 kilograms. There are also smaller bars on site weighing as much as 1 kilogram each.

Russia, which is the second largest gold producer by country, has been a steady purchaser of the precious metal since roughly 2007, with sales ramping up significantly between 2015 and 2020. However, Russia’s refineries were banned from selling gold bullion into the London market following the country’s invasion of Ukraine. Sanctions by the west also include a freeze on about half of Russia’s gold reserves.

In early 2022, Russia tied its currency, the ruble, to the yellow metal. ‘The plan was to shift the currency away from a pegged value and into the gold standard itself so the ruble would become a credible gold substitute at a fixed rate,’ according to Robert Huish, an Associate Professor in International Development Studies at Dalhousie University.

6. China

Gold reserves: 2,306.3 metric tons

The central bank for Mainland China is the People’s Bank of China (PBoC), located in Beijing. According to the WGC, the national financial institute stores 2,279.56 metric tons of gold, most which has been purchased since 2000. In 2001, the PBoC had 400 MT of gold in reserve, but in just a little more than two decades that total has climbed by 459 percent.

The PBoC issues the Panda gold coin, which was first created in 1982. The Panda coin is now one of the top five bullion coins issued by a central bank. It is among the ranks of the American Eagle, Canadian Maple Leaf, South African Krugerrand and Australian Gold Nugget.

The PBoC was one of the top gold buyers of the world’s central banks for 2024 and 2025, purchasing 44 MT and 27 MT of gold during the years respectively. April 2024 marked the 18th consecutive month of gold buying for China’s central bank, which paused its purchases afterward until picking them up again in November. As of January 2026, it has purchased gold for a further 15 consecutive months.

7. Switzerland

Gold reserves: 1,039.9 metric tons

The Swiss National Bank (SNB) holds the seventh largest central bank gold reserves. Its 1,039.94 metric tons of gold are owned by the state of Switzerland, but the central bank manages and maintains the reserve. The Swiss constitution allows the SNB to buy and sell gold with market trends, but it is not required to report the sales.

After years of opaqueness regarding the country’s golden treasure trove and increased selling in 2011 as prices rose, the Swiss Gold Initiative was launched in 2011.

The initiative called for an amendment to the constitution to add three new points to it. The first was a mandate for all reserve gold to be held physically in Switzerland. The other two dealt with the central bank’s ability to sell its gold reserves, along with a decree that 20 percent of the Swiss bank’s assets be held in gold.

This culminated in a national referendum in 2014 that failed to reach a majority of votes. However, the public conversation did prompt the bank to be more transparent.

According to a 2013 release, the central bank reported that 70 percent of its gold reserve was held domestically, 20 percent was located at the Bank of England and 10 percent was stored with the Bank of Canada.

8. India

Gold reserves: 880.2 metric tons

The Reserve Bank of India is another central bank that has fervently acted to increase its holdings in recent years. It began adding to its gold assets in 2017; however, the majority of its purchases have taken place in the past four years.

Strikingly, after India’s central bank purchased 16 MT of gold in 2023, the institution scooped up another 72 MT of the precious metal in 2024. However, its 2025 purchases totaled just 4 MT, its lowest in eight years.

While more than half of its gold is held overseas in safe custody with the Bank of England and the Bank of International Settlements, about a third of its gold is held domestically. In June 2024, India repatriated 100 MT of gold from the United Kingdom. This was the first time since 1991 that the Reserve Bank of India moved its overseas gold holdings back home.

9. Japan

Gold reserves: 846 metric tons

The Bank of Japan currently holds 846 metric tons of gold. Public information about the Bank of Japan’s gold reserves is hard to come by.

In 2000, the island nation was holding approximately 753 MT of the yellow metal, and by 2004, the Bank of Japan’s gold store had grown to 765.2 MT. Its gold reserves remained at that level until March 2021, when the country purchased 80.76 MT of gold, bringing it to its current total.

10. Turkey

Gold reserves: 613.7 metric tons

The Central Bank of Turkey holds 613.7 metric tons of gold. Turkey has been a consistent gold buyer over the past several years, with its central bank adding 75 MT to its holdings in 2024. While the pace of the country’s buying slowed in 2025, the country accumulated another 27 metric tons through the end of November, making it the year’s fifth-largest gold buyer.

*11. International Monetary Fund

Gold reserves: 2,814 metric tons

The gold reserve held by the International Monetary Fund is the third largest in terms of size at 2,814 metric tons. The large gold reserve was amassed primarily during the founding of the international organization in 1944.

In that inaugural year, it was decided that “25 percent of initial quota subscriptions and subsequent quota increases were to be paid in gold.”

Since 1944, the International Monetary Fund has added gold through the repayment of debts owed by member countries. Nations can also exchange gold for another member country’s currency.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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U.S. Secretary of State Marco Rubio signed a civil nuclear cooperation agreement involving the U.S. and Hungary on Monday.

During remarks at the signing ceremony, Rubio indicated that the U.S.-Hungary relationship, and the relationship between President Donald Trump and Hungarian Prime Minister Viktor Orbán, is very close.

The American diplomat described the relationship between the two nations as being ‘as close as I can possibly imagine it being.’

Rubio, during remarks delivered alongside Orbán, asserted, ‘Your success is our success.’ 

He noted that if Hungary ever faces financial problems, impediments to growth or threats to national stability, he knows ‘President Trump will be very interested’ in ‘finding ways’ to help.

Trump has praised Orbán and backed him for re-election.

‘Highly Respected Prime Minister of Hungary, Viktor Orbán, is a truly strong and powerful Leader, with a proven track record of delivering phenomenal results. He fights tirelessly for, and loves, his Great Country and People, just like I do for the United States of America. Viktor works hard to Protect Hungary, Grow the Economy, Create Jobs, Promote Trade, Stop Illegal Immigration, and Ensure LAW AND ORDER!’ Trump declared on Truth Social this month. 

‘Relations between Hungary and the United States have reached new heights of cooperation and spectacular achievement under my Administration, thanks largely to Prime Minister Orbán. I look forward to continuing working closely with him so that both of our Countries can further advance this tremendous path to SUCCESS and cooperation. I was proud to ENDORSE Viktor for Re-Election in 2022, and am honored to do so again. Viktor Orbán is a true friend, fighter, and WINNER, and has my Complete and Total Endorsement for Re-Election as Prime Minister of Hungary — HE WILL NEVER LET THE GREAT PEOPLE OF HUNGARY DOWN!’ Trump added.

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Senate Minority Leader Chuck Schumer, D-N.Y., is making a push to have the Pride flag considered on the same level as the U.S. flag in the eyes of the federal government.

Schumer announced plans to introduce legislation that would make the flag, a symbol of the LGBTQ movement, a congressionally authorized flag. The distinction would enshrine the flag with similar protections as the U.S. flag, military flags, POW/MIA flags and others recognized by Congress.

His move comes after the Trump administration removed a Pride flag from a national monument outside the Stonewall Inn earlier this month. A clash between police and patrons at a gay bar in the 1960s is widely considered the birth of the gay rights movement.

‘Stonewall is sacred ground and Congress must act now to permanently protect the Pride flag and what it stands for,’ Schumer said. ‘Trump’s hateful crusade must end.’

The flag has since been reinstalled atop the pole outside the Stonewall Inn, and Schumer’s legislative push would prevent it from being taken down in the future.

President Donald Trump has not explicitly targeted the Pride flag but previously signed an executive order restricting what types of flags may be displayed on federal property to ensure only the U.S. flag is prominently flown.

The Pride flag was taken down from the monument following an internal memo from the Department of the Interior ordering ‘non-agency’ flags at national parks be removed.

The directive, signed by National Park Service Acting Director Jessica Bowron in late January, included certain exceptions to the rule, including historical flags, military flags and federally recognized flags from tribal nations.

The Stonewall National Monument, first designated by former President Barack Obama in 2016, falls under the agency’s supervision. The Pride flag atop a large flagpole outside the famous gay bar did not fall under the list of protected flags and pennants.

‘The very core of American identity is liberty and justice for all — and that is what this legislation would protect: each national park’s ability to make its own decision about what flag can be flown,’ Schumer said. ‘Attempts to hurt New York and the LGBTQ community simply won’t fly, but the Stonewall Pride flag always will.’

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Ukrainian President Volodymyr Zelenskyy said in a post on X that he met with U.S. Sens. Richard Blumenthal, D-Conn., and Sheldon Whitehouse, D-R.I.

‘Thank you for seeing us,’ Blumenthal can be heard saying in a video included in Zelenskyy’s post. ‘We look forward to hearing from you, ah, about how we can be more helpful.’

Zelenskyy indicated in the post that during the meeting he ‘thanked the United States for its strong bipartisan support and work for peace.’

President Donald Trump has been trying to help broker peace between Russia and Ukraine, but the two nations remain locked in conflict.

‘Before our meeting, the senators met with children whom Ukraine managed to return from Russia. Thank you, this is truly important,’ Zelenskyy noted in the post.

‘We see no better tools to influence Moscow than pressure. There is an important sanctioning act in the Senate right now, and we expect it to work. I also informed them about the constant Russian strikes on our people and, in particular, on American businesses as well. It is absolutely fair that Russian money should be used to defend against this terror, and we discussed the prospects of utilizing immobilized Russian assets to purchase missiles for the Patriot systems,’ he added.

‘I thank the President, Congress, and the people of the United States for their support,’ Zelenskyy noted.

Fox News Digital reached out to the senators’ offices on Monday.

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Democrats were mocked for leaving one of their most popular presidents off their party’s Presidents’ Day message after Republicans noticed that former President Bill Clinton was absent.

The former Arkansas governor and 42nd commander in chief was missing from a ‘Happy President’s Day’ image that included John F. Kennedy, Lyndon Johnson, Jimmy Carter, Franklin Roosevelt, Barack Obama and Joe Biden.

The only Democratic presidents missing between Roosevelt and Biden’s tenures were Clinton and Harry Truman.

In response, the RNC retweeted the @TheDemocrats post with an image of Clinton wearing glasses and sitting next to Hillary Clinton, with a concerned or focused look on his face.

‘Forget someone again??’ the RNC caption read.

Fox News Digital reached out to the DNC to ask whether the omission was intentional and to the Clinton Foundation for comment.

Republicans, meanwhile, posted a Presidents’ Day image of Mount Rushmore featuring a color image of Trump next to President Abraham Lincoln, positioned on the right side of the South Dakota monument.

Their account also retweeted the Department of Health and Human Services, which wrote that ‘This Presidents Day, we honor the leaders who shaped our nation and reaffirm our commitment to serving the health and well-being of every American.’

HHS included a composite of Trump, Lincoln and President George Washington to make their point.

Clinton, one of the most popular presidents in recent history, was not without his share of scandal.

The late Kenneth Starr investigated Clinton for connections to a controversial 1978 land deal in the Ozarks nicknamed ‘Whitewater’ dating to Clinton’s time as Arkansas attorney general.

While Clinton was never charged with wrongdoing, Arkansas business partners Jim and Susan McDougal were convicted in connection with the failed Whitewater deal. Hillary Clinton had previously worked for the law firm that represented Jim McDougal’s bank. Gov. Jim Guy Tucker, Clinton’s successor, was also convicted.

But the Whitewater case led Starr to discover what became the Monica Lewinsky scandal — wherein Clinton allegedly had a sexual relationship with a White House intern.

On January 26, 1998, Clinton famously maintained his innocence in the face of impeachment over Starr’s case, declaring at the end of a childcare policy press conference:

‘I did not have sexual relations with that woman.’

‘I never told anybody to lie, not a single time. Never. These allegations are false. And I need to go back to work for the American people,’ Clinton added.

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A House GOP lawmaker has become the first member of his party to support a Democrat-led effort to limit presidential pardon power.

Rep. Don Bacon, R-Neb., signed on in support of legislation led by Rep. Johnny Olszewski, D-Md., to establish a congressional review process for presidential pardons.

It comes after President Donald Trump pardoned five ex-NFL players guilty of various charges including perjury, drug trafficking and counterfeiting. 

‘Across multiple administrations, we’ve seen legitimate questions raised about how this authority has been used at the same time, the ability of Congress to provide oversight has weakened,’ Bacon said in a statement. ‘Frankly, it is clear to me the pardon authority has been abused.’

And while Bacon did not mention Trump directly, Olszewski made clear that the Republican commander in chief is the main impetus for his push for a new constitutional amendment.

‘The announcement follows the Trump Administration’s decision earlier this week to pardon five former NFL players whose charges ranged from perjury to drug trafficking,’ said Olszewski’s press release announcing Bacon’s support on Monday. 

‘The pardons are part of what Olszewski describes as a disturbing pattern of abuses of the presidential pardon power benefiting the wealthy and well-connected.’

The amendment, if adopted, would give Congress the right to initiate a review process for presidential pardons if called for by 20 House members and five senators.

The review process would end with a vote on whether to nullify the pardon, needing two-thirds’ support in both the House and the Senate to succeed. 

The president would then be barred from issuing that same pardon to the same recipient again.

Former President Joe Biden notably took heat from Republicans and even some Democrats when he issued preemptive pardons for his family members and other allies, including son Hunter Biden, shortly before leaving office.

Bacon, a moderate Republican and retired Air Force brigadier general, has already announced he is not seeking re-election in November. 

He’s one of several GOP lawmakers in Congress who have been willing to buck Trump on a variety of issues, including the separation of powers.

For instance, Bacon was one of a handful of House Republicans who voted with Democrats to terminate Trump’s emergency declaration at the northern border, which the president had used to justify imposing tariffs on Canada without congressional approval.

Bacon told Fox News Digital at the time, ‘It is time for Congress to make its voice heard on tariffs.’

Fox News Digital reached out to the White House for comment but did not immediately receive a response.

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The NAACP formally asked a federal judge to protect voter information seized by the FBI from an election warehouse in Atlanta on Sunday.

The NAACP and other organizations say the documents contain ‘sensitive personal information,’ and asked the judge to impose limits on how the FBI can use the data. Their motion argues the seizure from the Fulton County elections building ‘infringed constitutional protections of privacy, and interfered with the right to vote.’

The motion asks the judge to ‘order reasonable limits on the government’s use of the seized data’ and to prohibit the government from using the data for purposes other than the criminal investigation cited in the search warrant affidavit.

That request includes prohibiting any efforts to use it for voter roll maintenance, election administration or immigration enforcement.

They also requested that the judge order the government to disclose an inventory of all documents and records seized, the identity of anyone who has accessed the records outside of those involved in the criminal investigation, any copying of the records and all efforts to secure the information.

The FBI arrived to the elections warehouse on Jan. 28 with a search warrant for documents relating to the 2020 election, including all ballots, tabulator tapes from the scanners that tally the votes, electronic ballot images created when the ballots were counted and then recounted, and all voter rolls.

Sunday’s motion was filed by the Lawyers’ Committee for Civil Rights Under Law on behalf of the NAACP, Georgia and Atlanta NAACP organizations, and the Georgia Coalition for the Peoples Agenda. It notes that the seizure happened as the Justice Department has been seeking unredacted state voter registration rolls.

Fulton County officials told reporters this month that FBI agents were seen carrying some 700 boxes of ballots from a warehouse near the election hub and loading them into a truck.

Fulton County has also separately sued the FBI in an effort to have the elections documents returned.

Fox News’ Breanne Deppisch and The Associated Press contributed to this report.

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Some of President Donald Trump‘s top Democratic critics who may run for the White House in 2028 used appearances at a high-profile European conference this past weekend to blast the Republican president’s agenda and try to beef up their foreign policy chops.

But for some of these Democrats with national ambitions, the international stop at the prestigious Munich Security Conference may have backfired.

Meanwhile, a highly anticipated address by Secretary of State Marco Rubio, who may be on the GOP’s 2028 ticket, won positive reviews for his charm offensive with European allies bruised by Trump’s aggressive second-term moves towards some of America’s oldest and closest allies.

Eight Democrats considered potential 2028 contenders — Rep. Alexandria Ocasio-Cortez of New York, Govs. Gavin Newsom of California and Gretchen Whitmer of Michigan, Sens. Ruben Gallego and Mark Kelly of Arizona, Chris Murphy of Connecticut and Elissa Slotkin of Michigan, and former Commerce Secretary Gina Raimondo — all descended on Munich.

‘I think they hurt themselves badly,’ Hugh Hewitt, the popular conservative radio talk show host and Fox News contributor, said of the Democrats during an appearance on ‘Fox and Friends.’

But it was Ocasio-Cortez, the progressive champion who has long been laser focused on affordability and other domestic issues, who scored the worst reviews.

‘We are seeing our presidential administration tear apart the transatlantic partnership, rip up every democratic norm,’ Ocasio-Cortez said as she took aim at Trump. ‘I think many of us are here to say we are here, and we are ready for the next chapter, not to have the world turn to isolation, but to deepen our partnership … and increase our commitment to integrity to our values.’

But Ocasio-Cortez was heavily criticized for her gaffe when asked during a panel discussion whether the U.S. should send troops to defend Taiwan from a possible invasion by China.

The four-term lawmaker appeared to stall for nearly 20 seconds before offering that the U.S. should try to avoid reaching a clash with China over Taiwan.

‘AOC is like a parade of clichés. A model U.N. student that didn’t get enough sleep,’ Hewitt argued.

Social media posts by others on the right weren’t as kind, slamming her for offering up a world salad.

But it wasn’t just Republicans who critiqued Ocasio-Cortez.

A veteran Democratic strategist who asked to remain anonymous to speak more freely told Fox News Digital, ‘it is abundantly clear that AOC is not ready for prime time given her remarks in Europe.’

Whitmer, the term-limited governor of the key Great Lakes battleground state, was also criticized.

Asked what victory would look like for Ukraine, Whitmer said Ocasio-Cortez and U.S. Ambassador to NATO Matthew Whitaker, who were sitting with her on the panel, were ‘much more steeped in foreign policy than a governor is.’

‘Ukraine’s independence, keeping their land mass and having the support of all of the allies, I think, is the goal,’ Whitmer added.

Newsom repeatedly took aim at the president during his appearances.

‘Donald Trump is temporary,’ he said Friday during a climate change discussion. ‘He’ll be gone in three years.’ And he hammered Trump over climate policy, arguing the president is ‘doubling down on stupid.’

‘Never in the history of the United States of America has there been a more destructive president than the current occupant of the White House in Washington, D.C.,’ Newsom charged. ‘Donald Trump is trying to turn back the clock.’

Matt Mowers, a longtime Republican strategist and State Department veteran during Trump’s first administration who later was a 2020 GOP congressional nominee in swing state New Hampshire, gave the Democrats low scores.

‘What we saw on the Democratic side were a bunch of folks who were not ready for prime time,’ Mowers told Fox News Digital. ‘I think the American people are going to look at the circus group that showed up there and wonder if they can trust any of them to be in a position of power and lead America forward.’

But longtime Democratic strategist Joe Caiazzo, pointing to the Democrats at the conference, told Fox News Digital that ‘speaking in Munich serves to bolster their foreign affairs credentials, especially under the backdrop of the looming 2028 presidential campaign.’

‘It’s unclear which strategy is going to work, but I think regardless of who is successful, they will need a clear and cogent foreign policy to return our position at the global table,’ Caiazzo said.

Rubio’s speech came a year after Vice President JD Vance, the perceived 2028 Republican front-runner, delivered a scathing attack on Europe during his 2025 speech at the security forum.

America’s top diplomat, speaking a month after Trump took a sledgehammer to Europe during remarks at the World Economic Forum in Davos, Switzerland, was applauded for saying ‘in a time of headlines heralding the end of the trans-Atlantic era, let it be known and clear to all that this is neither our goal nor our wish, because for us Americans, our home may be in the Western Hemisphere, but we will always be a child of Europe.’

Striving to ease tensions fueled by Trump’s push to take control of Greenland and the president’s threats of further tariffs on European nations, Rubio emphasized that ‘the United States and Europe, we belong together.’

But while softer in tone, Rubio’s underlying message was as uncompromising as those of Trump and Vance, that Europe needed to join America’s new reshaped vision for the world, or get out of the way.

And Rubio strongly criticized European nations over their immigration and climate agenda, and slammed the United Nations, saying the world body ‘played virtually no role’ in peace efforts in Ukraine and Gaza.

Pointing to what he called ‘the dynamic duo of JD Vance’s speech last year and Marco Rubio’s speech this year,’ Mowers said, ‘You needed more of a wrecking ball last year to wake everyone up.’

And he said this year, ‘You have someone who can try to bring together more unity based upon a shared framework. But I think the two of them together have done a great job at really explaining what a U.S.-European relationship can look like for the 21st century.’

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