Shuttered mines and rising sales of electric vehicles in China are expected to keep lithium prices stable in 2025, according to a Reuters report. Lithium prices have experienced two straight years of declines. Analysts and traders expect strong fundamentals in 2025 could keep prices relatively steady. However, they said that the potential for mines to
India is actively seeking to secure its supply of critical minerals, essential for various industries including technology and renewable energy. The country is exploring mining opportunities for these minerals in resource-rich countries like Zambia, Congo, and Australia, India’s Mines Secretary V.L. Kantha Rao said on Thursday, according to a Reuters report. This strategic move comes
Latin America’s evolving crypto landscape is witnessing a sharp divergence in policy. While Honduras is doubling down on its warnings against cryptocurrencies like Bitcoin and Ethereum, Argentina is embracing blockchain innovation by moving forward with lithium tokenization and introducing new regulations for virtual asset service providers. Honduras Central Bank reaffirms opposition to crypto adoption The
Chile’s competition watchdog, Fiscalía Nacional Económica (FNE), has approved a joint venture between state-run copper major Codelco and SQM, a top lithium producer. The cooperation, which aims to increase lithium production in the Atacama salt flats, is a key component of Chile’s strategic drive into the thriving battery metal business. The statement noted that the
Chile’s SQM, the world’s second-largest lithium producer, released first-quarter earnings that missed analyst forecasts on Wednesday. SQM posted a $137.5 million net profit, or 48 cents a share, falling short of the consensus estimate of a net profit of $171.2 million, or 63 cents a share, based on LSEG data. The global lithium market is facing significant
Shares of Lithium Americas surged by almost 60% in premarket trading on Wednesday after a Reuters report that the Trump administration is seeking an equity stake of up to 10% in the Canadian miner. The stake would be tied to renegotiations of a $2.26 billion US Energy Department loan for the company’s Thacker Pass lithium
On Wednesday, Lithium Americas, a Vancouver-based company, announced that the US Department of Energy (DOE) has acquired a 5% stake in the company. Additionally, the DOE has taken a separate 5% stake in the Thacker Pass lithium project, a joint venture with General Motors. Lithium Americas saw a significant premarket surge, with its US-listed shares
The EUR/USD exchange rate held steady in the past few months, a trend that may continue in the coming months as top analysts predict a return to US dollar slide amid a divergence between the Federal Reserve and the European Central (ECB). It was trading at 1.1740, much higher than last month’s low of 1.1463.
Silver has dramatically outperformed gold this year, with prices surging by nearly 100% as of early December. The rally has been marked by sharp swings, driven by shifting economic signals and evolving trade tariff policies, and with high uncertainty persisting, ING Group anticipates further market volatility. The recent strength of silver is attributable to several
Shares of Fermi plunged 40% on Friday after the data-center real estate investment company disclosed that a prospective anchor tenant had terminated a funding agreement tied to its marquee Texas project. The decision, affecting a commitment of up to $150 million for construction of Project Matador, marks the sharpest setback yet for the newly listed