1086 days ago
Lithium-ion batteries represent 30% of EV cars cost and with lithium prices rising again, it could mean the input good makes cars more expensive or bottom lines smaller for carmakers.
1086 days ago
Saudi Arabia attracted $5.5 billion in net FDI flows in 2020, equivalent to about 1% of its economic output, according to data compiled by Bloomberg, which means the EIG deal brings more than twice last year’s total. The government’s goal is 5.7% by 2030, hence the temptation to offer up prized energy assets such as parts of Saudi Aramco, the state-owned energy giant.
1086 days ago
Futures in New York rose 1.4% and is heading for the longest run of gains in over a month. The American Petroleum Institute reported crude inventories fell by 3.61 million barrels last week, which will be a third straight draw if confirmed by government data Wednesday. OPEC boosted its consumption forecast for 2021 and predicted the recovery will continue.
1087 days ago
As shown in yesterday's livewire, Lumber futures are on the upward swing. Canfor, West Frase and Weyerhaeuser has shown some very impressive share price percentage changes in since last April with canfor rising more than 250% YoY. Other ETF offerings include iShares S&P Global Timber & Forestry Index Fund, and the Guggenheim Timber ETF.
1087 days ago
The oil barrel climbed to $60 as many were afraid of a supply disruption. The rally however faltered in March, as there are now concerns about the resurgence of the virus. The OPEC+ also stated that they would augment production, putting another weight on the price. Traders are taking a "wait and see" approach, which explains the price moving sideways, and not up nor down.
