China’s Export Slump Continues as Domestic and International Demand Weakens
China’s export woes continued for the fourth consecutive month as both domestic and international demand weakened, according to official figures. Exports for August saw an 8.8% decline compared to the same period last year, while imports also dropped by 7.3%. Though these figures represent a concerning trend for the world’s manufacturing powerhouse, they were somewhat […]
French Nuclear Firm Orano Halts Ops In Niger Following Junta, Might Get More Uranium In Canada
In a move driven by the constraints imposed by international sanctions against the military junta in Niger, French nuclear group Orano SA has announced the suspension of uranium ore processing at one of its facilities in the African nation. This decision, amid the ongoing crisis in Niger, which boasts approximately 5% of the world’s uranium […]
Hacker Targets Vitalik Buterin’s X Account, Swindles $691,000 from Users
Ethereum creator Vitalik Buterin’s X account has reportedly been hacked, resulting in the theft of $691,000 from unsuspecting users who clicked on a corrupted link shared on his feed. The breach was initially detected on Saturday, when a questionable post surfaced on Buterin’s Twitter account, announcing the launch of commemorative non-fungible tokens (NFTs) by Consensys, […]
Sprott Physical Uranium Trust To Raise US$125 Million To Purchase Further Uranium
Increased interest in the uranium market has driven the Sprott Physical Uranium Trust (TSX: U.UN) to expand its ongoing at-the-market equity program by US$125 million. The expansion will see the additional units sold to enable further purchases of physical uranium. The closed-ended fund to date has acquired 61.7 million pounds of U3O8, worth an estimated […]
Hostess Brands To Be Bought Out By J.M. Smucker Co For $34.25 A Share
The J.M. Smucker Co (NYSE: SJM) is the talk of social media this morning with the announcement that it will acquire Hostess Brands (NASDAQ: TWNK) in a deal pegged at $5.6 billion. The transaction will see the maker of the iconic Twinkie brand acquired for $34.25 per share, which is to be paid via a […]
Oil Rallies: Could $90 Be The New Norm?
Oil prices experienced a decline on Monday following a recent surge to 10-month highs, fueled by Saudi Arabia and Russia’s production cuts. Last week, these two major oil-producing nations jointly announced their intention to extend voluntary supply reductions, totaling 1.3 million barrels per day, until the end of the year. Brent crude, a global benchmark, […]
Chile’s New National Lithium Policy Brings Clarity To Industry
On April 20, 2023, President Gabriel Boric of Chile introduced a new framework for Chile’s lithium industry, the National Lithium Policy (NLP). This was quite significant, as Chile holds one of the world’s largest lithium reserves with 9.3 million metric tonnes (MT), and was the world’s second largest lithium producer in 2022 with 39,000 MT […]
China’s Improved EV Sales Overshadowed By Saltwater Fires
Two developments related to electric vehicles (EVs) have occurred in recent weeks: one has clear positive implications for the industry, including for battery metal miners such as lithium miners, while the other could cause prospective EV buyers to question whether such a purchase introduces previously unforeseen risks. First, on September 4, the China Passenger Car […]
Odds Of United Auto Workers Strike Grows As Deadline Nears
The odds of strikes beginning September 14th by the U.S. United Auto Workers (UAW) union against at least one of the Big Three automakers — General Motors Company (NYSE: GM), Stellantis N.V. (NYSE: STLA), and Ford Motor Company (NYSE: F) — and by Canadian Unifor union auto workers beginning September 18th against Ford (Unifor’s designated target), continue to grow. It is unclear […]
Evening Radiator Use Faces Scrutiny in UK’s Climate Change Agenda
The Climate Change Committee (CCC), an independent body established to guide the UK government on its climate goals, has advised millions of households to turn off their radiators during peak evening hours. This proposal, part of a broader initiative to achieve emissions reduction, encourages residents to “pre-heat” their homes in the afternoon when electricity consumption […]