Lithium market surpluses continued to suppress prices and hinder sector growth throughout Q3 2024, broad consolidation early in the quarter signaled a potential bottoming out. Subsequently analysts forecasted a price recovery as EV sales exceeded expectations in September. Projected demand growth prompted Sprott Insights to warn of a potential lithium shortage emerging as early as...

Palladium and platinum prices soared in recent trading sessions, reflecting the direct effects of heightened geopolitical tensions between Western powers and Russia. On October 24, palladium prices surged by nearly 10 percent in a single day, reaching approximately US$1,168 per troy ounce. They surged even higher the following day, touching US$1,200 for the first time...

The gold price cooled on Wednesday (October 23) after soaring to a new high a day earlier. The yellow metal slipped as low as US$2,714.16 per ounce after rising to just above US$2,750 on Tuesday (October 22). Market watchers have attributed the pullback to a stronger US dollar and better US Treasury yields. These factors...

‘We are in a different market now — and this market now is not being driven by futures, it’s being driven by metal,’ he said, explaining that this new dynamic is giving gold’s gains more durability. While that doesn’t mean there can’t be corrections, he sees a tension in the industry that’s drawing gold higher....

The US Geological Survey (USGS) released findings on Monday (October 21) indicating that Southwestern Arkansas may contain substantial lithium reserves, estimated between 5 million and 19 million metric tons. This assessment was made possible through an innovative approach that combined water testing with machine learning techniques, enabling a new understanding of the lithium potential in...

The Biden administration announced on Tuesday (October 22) that it has allotted US$428 million to accelerate clean energy manufacturing in former coal communities located across the US. The US Department of Energy (DOE) selected 14 projects to receive funds, saying that the money will be distributed among 15 communities that have historically been dependent on...

Investors interested in nickel stocks are often curious about which countries produce significant amounts of the metal. After all, major producers are often home to many miners and explorers. But investors should also be aware of which countries hold significant nickel reserves. Why? Many countries that produce large amounts of nickel have big nickel reserves,...

Description The securities of Brightstar Resources Limited (‘BTR’) will be placed in trading halt at the request of BTR, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 28 October 2024 or when the announcement is released...

The launch of OpenAI’s ChatGPT created a major buzz around artificial intelligence (AI) stocks. ChatGPT is an AI chatbot software application that uses machine learning techniques to emulate human-written conversations. A hitherto niche subsector in the AI industry, this technology is called generative AI, and it’s been making an impact on myriad industries, including marketing,...

Prodigy Gold NL (ASX: PRX) (“Prodigy Gold” or the “Company”) is pleased to advise that it has received firm bids for the remaining shortfall (Shortfall Placement) from its recent Entitlement Offer to raise a further approximately $1,677,532 (before expenses) at the issue price of $0.002 per Share. This will bring the total capital raised under...