Market conditions are Bullish in a Bear Market as of 2022-11-23. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -17.42 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read More(Bloomberg) — When the oil market liberalized in the 1970s, a group of commodity trading buccaneers led by the infamous Marc Rich made fortunes by connecting buyers and sellers and surfing the price swings of this newly tradable commodity. Half a century later, some of Rich’s spiritual descendants are hoping to pull off a similar […]
Read MoreSigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of approximately 191 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, […]
Read MoreMV Oil Trust (MVO) MV Oil Trust acquires and holds net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties include approximately 860 producing oil and gas wells located in the Mid-Continent region in the states of Kansas and Colorado. Livent Corporation (LTHM) Livent Corporation manufactures and sells performance […]
Read More(Bloomberg) — In the rocky deserts of Western Australia, a handful of little-known and once-shunned miners are suddenly in vogue as the electric vehicle industry clamors for a metal it can’t do without. Executives from Australia’s lithium industry were inundated by bankers and brokers at the Diggers & Dealers Mining Forum in the outback town […]
Read MoreArdmore Shipping Corporation (ASC) Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. Comstock Resources, Inc. (CRK) […]
Read More(Bloomberg) — Elon Musk has called for more investment in global lithium refining to ease shortages in battery materials — and promised those who seize the opportunity it’s as lucrative as “basically minting money.” “I’d like to once again urge entrepreneurs to enter the lithium refining business. The mining is relatively easy, the refining is […]
Read More(Bloomberg) — Elon Musk wants to mine it, China is scouring Tibet for it, battery makers are crying out for it. Lithium, the wonder metal at the heart of the global shift to electric cars, is in a full-blown crisis. Demand has outstripped supply, pushing prices up almost 500% in a year and hindering the […]
Read MoreAlkermes plc (ALKS) Alkermes plc, a biopharmaceutical company, researches, develops, and commercializes pharmaceutical products to address unmet medical needs of patients in various therapeutic areas in the United States, Ireland, and internationally. Rattler Midstream LP (RTLR) Rattler Midstream LP owns, operates, develops, and acquires midstream and energy-related infrastructure assets in the Midland and Delaware Basins […]
Read More(Bloomberg) — Good times are ahead for producers of lithium, the battery material that’s key to the electrification of transportation. Albemarle Corp., the world’s No. 1 miner of the silvery, white metal, boosted profit forecasts for the year as lithium prices soar due to demand from electric vehicles. The third biggest miner, Livent Corp., did […]
Read More(Bloomberg) — Shares of Lithium Corp. whipsawed on Wednesday after an inauthentic press release circulated claiming electric-vehicle giant Tesla Inc. had acquired the Nevada-based miner. Lithium Corp.’s stock more than tripled to $1.09 shortly before noon in New York before paring its gain. The shares were trading up about 25% at 1:16 p.m., while Tesla […]
Read More(Bloomberg) –Nickel has captured much of the limelight among battery metals in recent weeks, and understandably so. Wild price swings, including an unprecedented 250% advance over two trading sessions amid a short squeeze, and concerns tied to Russia’s role as a key supplier have added to longstanding worries among automakers about securing enough of the […]
Read MoreLithium prices are through the roof, and they’re not going down any time soon. As an essential component of electric cars and solar power, the demand for lithium-ion batteries is going to keep on climbing as the world tries to make good on its decarbonization pledges. In fact, according to estimates from the International Energy […]
Read More(Bloomberg) — Lithium prices are continuing their breakneck ascent in China, with surging electric-vehicle sales underpinning a fivefold gain over the past year. Chinese lithium carbonate prices tracked by Asian Metal Inc. rose to a fresh record on Monday, as data showed a 35% month-on-month jump in electric-vehicle registrations in December. Nearly 400,000 EVs were […]
Read MoreDiversified miner Rio Tinto is pivoting toward clean-energy products. Courtesy of Rio Tinto A fat dividend and a robust pivot toward clean-energy products should make United Kingdom–based diversified miner Rio Tinto a good bet for investors. Those with a hefty appetite for risk could see total returns approaching 30% within 12 months, experts say. In […]
Read More