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1109 days ago

EV-fueled lithium comeback: Wall Street's bet

Investors strongly believe in the comeback of lithium, used for electric batteries, as the EV trend only grows. Miners have raised almost $3.4 billion in equity offering in the US this year, seven times the total amount raised between 2018 and 2020. Albemarle Corporation and SQM are two of the largest companies, and have also raised the most capital, with $1.5 billion and $1.1 billion respectively.

#Commodities
EV-fueled lithium comeback: Wall Street's bet

1109 days ago

Nestle rolls out touchless coffee machines

Nestle comes out with a touchless coffee machine as post pandemic coffee growth is showcased through the futures market. Coffee was one of the motors of Nestle’s sales growth last year and makes up the bulk of the company’s $24 billion beverage business.

#Commodities

1112 days ago

US oil prices see their biggest drop in 6 months

The US benchmark, West Texas Intermediate, closed down 7.1%, at $60, its biggest price drop in the last 6 months. This puts an end to the unbroken rally that has been going on for the past year. The reason seems to be a flagging demand in both China and the US that sent a chilling wind throughout markets.

#Commodities
US oil prices see their biggest drop in 6 months

1113 days ago

Bitcoin total miner revenue hits all time high

The all time high positions miner earnings at $52.3M per day. This is despite the block subsidy halving in May 2020. Does this shine brightly on bitcoin miners RIOT and MARA? 

#Commodities

1113 days ago

Will we ever use as much gas as in 2019?

The International Energy Agency forecasts show that we will not go back to the 2019 levels, as we're increasingly towards electric options. Gas-powered cars will also become more fuel-efficient. 

#Commodities
Will ever use as much gas as in 2019?
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