Major Copper Smelters to Slash Output as Supply Crunch Looms
Global copper smelters are being forced to cut production significantly due to a worsening shortage of copper concentrate supply. South Korean smelter LS Metals and Materials announced plans to reduce output by 40,000 metric tons this year, representing over 5% of its 680,000-ton annual capacity. The cutbacks come after supply disruptions from the Cobre Panama […]
Equinox Gold Drops US$995 Million To Acquire Final 40% Of Greenstone Mine
Equinox Gold (TSX: EQX) is set to pay big dollars to obtain whole ownership of the Greenstone Mine in Ontario. The company has agreed to acquire the remaining 40% interest in the mine that it does not currently hold from Orion Mine Finance for a total of US$995 million. The transaction as a whole effectively […]
Atha Energy Options Out Two Properties For 9% Interest In Explorer, $8 Million In Spend
Atha Energy (CSE: SASK) has begun the process of optioning out portions of its massive land package in the Athabasca Basin. The company this morning announced an arrangement with Inspiration Energy (CSE: ISP), whereby Inspiration is to option out two separate properties from Atha.
Tesla Announces New Low-Priced Model To Distract From 55% Profit Drop, Cybertruck Recall
Tesla (NASDAQ: TSLA) witnessed a significant surge in its shares by nearly 10% during after-hours trading on Tuesday, following the release of its first-quarter results. Despite falling short of revenue expectations and grappling with the aftermath of its Cybertruck recall, the company managed to ignite investor confidence with promising announcements. In figures, Tesla reported revenue […]
Is the DEA’s Cannabis Rescheduling Happening with the Delta-8 Final Action?
The Drug Enforcement Administration (DEA) is expected to propose new rules clarifying that manufactured cannabinoids like delta-8 THC are prohibited controlled substances. According to the agency’s regulatory agenda, a Final Action on this matter is listed for April 2024. And this move is being seen as a companion to potentially rescheduling cannabis itself. There’s speculation, […]
Canada: Despite Targeting Younger Voters, Liberals Pre-Budget Spending Fails to Sway Youth Support
The latest federal budget, touted as a boon for younger Canadians, is in danger of falling flat with its intended audience. A recent Abacus Data survey found no significant shift in support for the Liberal government among those aged 18-29, despite a flurry of pre-budget announcements aimed squarely at this demographic. “We see no evidence […]
Erdogan’s Iraq Visit Puts Spotlight on Ambitious $17 Billion Trade Corridor
Turkish President Recep Tayyip Erdogan and Iraqi Prime Minister Mohammed Shia al-Sudani recently agreed to cooperate against Kurdish militants and boost economic ties through a new trade corridor. A key focus of the talks was the $17 billion Development Road project, an ambitious 1,200 km road and rail link aiming to transform Iraq into a […]
RFK Jr. Wants to Put ‘Entire US Budget on Blockchain’
Independent presidential candidate Robert F. Kennedy Jr. says he plans to put the entire US federal budget onto a blockchain, which would, in theory, allow any American to scrutinize budget items around the clock. The blockchain is a decentralized digital ledger typically associated with cryptocurrencies like bitcoin. By putting the federal budget on this transparent […]
More Lithium From Shale? Researchers Unveil Potential For Lithium Extraction From Pyrite
In response to the surging global demand for lithium, researchers from West Virginia University (WVU) have delved into unconventional sources for this crucial element. Led by Professor Shikha Sharma, the team’s groundbreaking study explores the potential of organic-rich shale formations to serve as a significant reservoir of lithium, offering a sustainable alternative to traditional mining […]
Musk Slashes Tesla’s US Marketing Team: “Ads Were Far Too Generic”
Tesla (NASDAQ: TSLA) gutted its newly formed marketing team as part of broader layoffs across the company, signaling a departure from its recent advertising initiatives approved by CEO Elon Musk less than a year ago. The entirety of Tesla’s “growth content” team in the US, comprised of approximately 40 employees overseen by senior manager Alex […]