Charts: EV Battery Metals Bill Hits Record Low as Lithium, Nickel, and Cobalt Prices Decline
CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues In the first eight months of 2024, the global electric vehicle (EV) industry has witnessed a remarkable surge in battery power, totaling 674.6 GWh. This surge arises amidst a notable shift towards hybrid vehicles, which typically incorporate smaller batteries, thereby […]
China Relies on Banks to Resuscitate Property Market
China Leans On Banks To Revive Property Market China’s banks are pumping fresh funds into stalled housing projects and cutting rates on existing mortgages. The goal is to spark a financial turnaround for the nation’s beleaguered real estate sector. Banks are paying a pretty price for their efforts. Policymakers are leaning on banks of all […]
Trade Disputes to Dampen Demand for Industrial Metals: BMO
“While final structures will not be known until next year, in our view metals and bulk commodity markets had generally factored bi-lateral United States-China tariffs into demand projections, but not a multi-lateral trade war which drags in Canada, Mexico, Europe and key Asian economies.” BMO forecasts 1.8% industrial production growth globally next year, but says […]
National Perspective: The U.S. Requires Metals; Reliance on Chinese Imports is Insufficient – Duluth News Tribune
National View: US needs metals; imports from China aren’t enough – Duluth News Tribune The recent restrictions imposed by China on graphite exports serve as a stark reminder of the vulnerabilities tied to heavy reliance on a single country for critical minerals. This situation has become especially pressing as global demand for battery materials continues […]
Gold (XAU/USD) Traders Brace for Fed Meeting: Will Prices Surge or Decline?
Gold (XAU/USD) Traders Await Fed Meeting: Will Prices Rally or Fall? Most Read: BoJ Rate Hike in Focus: USD/JPY, GBP/JPY Technical Analysis Gold has struggled this week continuing its selloff from the back end of last week. An increase in US Treasury yields coupled with profit taking and the potential for a less dovish Fed […]
Barrick Gold Initiates Arbitration in Mali Mines Dispute
The Canadian mining giant has been locked in a months-long dispute with the Malian government over dividing economic benefits from the Loulo-Gounkoto complex, which produced nearly 700,000 ounces of gold last year. In a statement on Wednesday, Barrick said the request for arbitration reflects its commitment to “adhering to established processes for resolving disputes in […]
Completion of Shenandoah S2-4H Horizontal Well Drilling
Shenandoah S2-4H Horizontal Well Drilling Complete Australia-focused exploration and development company Falcon Oil & Gas Ltd. said that drilling for the Shenandoah S2-4H (SS4H) horizontal well has been completed. The company said in a media release that the well was cased and cemented to a measured depth of 6,452 meters (21,169 feet). The SS4H well […]
Battery X Metals Secures $600K and Resolves Debt via Strategic $0.05 Unit Offering | BATXF Financial Update
Battery X Metals Raises $600K, Settles Debt Through Strategic $0.05 Unit Offering | BATXF Financial Update Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A3EMJB) recently took significant steps in bolstering its financial standing with two crucial transactions: a non-brokered private placement and a debt settlement. These strategic moves highlight the company’s commitment to enhancing its operations and […]
Penny Stocks to Keep an Eye on This December 2024
US Penny Stocks To Watch In December 2024 As the U.S. stock market heads into the Christmas break, optimism is in the air with major indices like the Nasdaq Composite and S&P 500 posting gains, sparking hopes for a Santa Claus rally to close out 2024. Penny stocks may be considered a throwback term, yet […]
El Salvador’s Legislators Repeal Mining Ban Dismissed as Absurd by Bukele
All 57 of Bukele’s allies in the Central American country’s 60-seat legislature voted for the president’s legislation to overturn the ban. The legislation will grant the Salvadoran government sole authority over mining activities within the country’s land and maritime territory. “By creating a law that puts the state at the center, we are guaranteeing that […]