Column: U.S. Focuses on Scrap to Bridge the Critical Minerals Gap
Column: US targets scrap to close the critical minerals gap As global demand for critical minerals rises amid an electrification and green energy shift, policymakers and industries are increasingly focusing on recycling—often termed “urban mining”—as a solution to the challenges posed by dwindling domestic mining capabilities and environmental concerns. The U.S. Department of Defense (DOD) […]
Weekly Market Outlook: US Dollar’s Future Linked to NFP as Fed Rate Cut Approaches
Markets Weekly Outlook – US Dollar’s Fate Hinges on NFP as Fed Rate Cut Looms Read More: USD/JPY Price Outlook – Yen Extends Gains as Key Confluence Level Approaches Week in Review: Geopolitics Drives Market Sentiment A week largely dominated by geopolitical developments as the US celebrated the Thanksgiving Holidays ended with somewhat of a […]
Canada’s Economic Growth Experiences Significant Slowdown
Canada’s economic growth eased to a 1% annualized rate in the third quarter, marking a slowdown from 2.2% annualized growth in the previous quarter. The contraction raises the likelihood that the Bank of Canada might deliver a more substantial rate cut at its Dec. 11 announcement. With inflation now comfortably at the 2% target, policymakers […]
UK Raises World Bank Contribution, Enhancing Climate Finance Opportunities | COP29
UK increases World Bank contribution, boosting climate finance prospects | Cop29 The UK has increased its contribution to the World Bank, in a move that will boost prospects for climate finance. Next week, at a meeting in Seoul of the International Development Association (IDA) – the body that funds the World Bank’s support for low-income […]
Contango ORE Shares Dive as Expenses Surge at Manh Choh Gold Mine
The anticipated rise in AISC, says Contango, relates to recent weight restrictions placed on the bridge used to transport the Manh Choh ore, as well as higher moisture content in the Manh Choh ore, limiting the overall amount of ore being transported annually by approximately 20%. Rising processing costs are also contributing to the higher […]
Former Google CEO Eric Schmidt warns that Gen Z men might choose AI over real women following a chatbot-related tragedy.
Gen Z men could ditch real women for AI, warns Ex-Google CEO Eric Schmidt after a tragic suicide involving a chatbot Artificial intelligence could soon create the perfect virtual partner, according to ex-Google CEO Eric Schmidt, potentially spelling a societal disaster. Speaking on a podcast hosted by Scott Galloway this week, Schmidt said he feared […]
Canadian Banks’ Q4 Earnings: Insights for Investors
Canada’s largest banks are gearing up to report third-quarter earnings, and with the economy slowing the focus will be on revenue growth, loan performance and the impact of rate cuts on net interest margins. These results will come against the backdrop of big gains in 2024 for many Canadian bank stocks. Shares of RBC (RY), […]
GeoPark Purchases Repsol’s Colombian Oil and Gas Assets for $530 Million
GeoPark acquires Repsol’s Colombian oil and gas assets for $530 million GeoPark Limited, a prominent independent energy company operating across Latin America, has signed Sale and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire key oil and gas assets in Colombia. The acquisition encompasses Repsol Colombia O&G Limited’s 45% non-operated […]