Understanding Diamonds: The Importance Of Caustic Fusion
Most minerals and metals tend to have their own unique or specific methods and techniques for mineralization identification, optimum ore extraction, and the processing and recovery of desired minerals. Methodologies have evolved over time, as new technologies and tools have enabled more efficient and cost-effective exploration, often greatly enhancing the chances for success. Diamonds are […]
Extending A Coal Branch: China Is Reportedly Considering Lifting Ban On Australian Coal
Chinese authorities are reportedly considering lifting its unofficial two-year ban on Australian coal imports. Rumors about the move intensified after Australian Foreign Minister Penny Wong and Chinese counterpart Wang Yi met Friday, marking the first time the two countries have engaged in a diplomatic talk since 2019. Chinese Foreign Ministry spokesman Wang Wenbin also said […]
Chinese Mortgage Owners Are Boycotting Payments, Spelling Collapse For Real Estate Lenders
Chinese homebuyers are refusing to pay their mortgages for the increasing number of unfinished projects, stoking fears that it could lead to further decline of the already embattled biggest real estate market in the world. China Real Estate Information reported on Wednesday that around 100 projects in more than 50 cities aren’t receiving mortgage payments […]
Celsius Network: Is It Really Just A US$1.2 Billion Deficit?
The size of Celsius Network’s deficit stands at US$1.19 billion, according to the documents it filed related to its Chapter 11 bankruptcy application. But reading into the balance sheet items, the hole the crypto exchange finds itself in might be bigger than what it appears. According to the filed balance sheet as of July 13, […]
Eldorado Gold’s Q2 Production Comes Up Short For BMO’s Estimates
Eldorado Gold (TSX: ELD) earlier this week announced its second-quarter production results. The company announced that it produced 113,462 ounces of gold during the second quarter, down from a year ago. The firms Kisladag mine produced 27,973 ounces, while Lamaque produced 46,917 ounces, Efemcukuru produced 22,793, and Olympias produced 15,779 ounces. The company has produced […]
High Lithium Asset Sales Prices Suggest Shares of Lithium Companies May Have Corrected Too Much
Despite the disappointing recent performance of most lithium stocks, from top lithium producer Albemarle Corporation (NYSE: ALB) to start-up producers like Lithium Americas Corp. (NYSE: LAC), each down around 30% in just six weeks, lithium carbonate prices remain near all-time highs and are more than 400% higher over the last year. Demand for the silvery metal in the electric […]
Netflix Is Pushing Through With Its Ad-Based Tier Subscription With Microsoft
Following through its previously announced plan to introduce a lower-priced, ad-based subscription tier, Netflix (Nasdaq: NFLX) announced on Wednesday that it has chosen Microsoft (Nasdaq: MSFT) as its partner to run the ads. “Microsoft has the proven ability to support all our needs as we together build a new ad supported offering. More importantly, Microsoft […]
Comparison: Is Current Market Turmoil Similar To The Dot Com Crash?
By far the biggest debate among stock market investors is whether the significant declines so far this year — around 20% for the S&P 500 and 28% for the NASDAQ — already fully discount the implications of future Fed interest rate hikes, including the (probable) resultant economic slowdown. Unfortunately, there are a number of parallels between […]
AMD: BMO Expects Firm To Rival Intel In Server Segment By 2025
On July 14th, BMO Capital Markets upgraded Advanced Micro Devices (NASDAQ: AMD) to an outperform rating from market perform and raised their 12-month price target on the stock to $115 from $100, saying, “We see a sustainable compute franchise as a result of continued superior execution on all fronts under Dr. Su’s leadership.” Advanced Micro […]
Canadian Home Sales Continued to Slide in June
Home sales across Canada continued their downward slide in June, as rapidly rising interest rates left an increased number of potential homebuyers on the sidelines of the real estate market. Latest data from the Canadian Real Estate Association (CREA) showed that national home sales fell 5.6% between May and June, and are down 23.9% compared […]