The Canadian province, home to copper, potash and uranium mines, is known for its mining prowess. China controls 95% of the global production and supply of rare earth metals. The near-monopoly allows the country to dictate prices and create uncertainty for end users through export controls. In the last year, China has placed export controls on some critical metals such as germanium, gallium and antimony, forcing western governments to look for alternatives. The SRC rare earth processing facility has begun production on a commercial scale and expects to hit a production target of 40 tonnes of rare earth metals per…
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Tony Roth, chief investment officer for Wilmington Trust Investment Advisors (MTB), spoke with Quartz for the latest installment of our “Smart Investing” video series.Watch the interview above and check out the transcript, which has been lightly edited for length and clarity, below.ANDY MILLS (AM): Big tech names such as Nvidia and Microsoft have led the market higher over the last couple of years. Do you see that continuing in 2025?TONY ROTH (TR): Right now, we see a rotation trade into other areas of the market, but I think, longer term, we certainly expect to see those big names continue to…
“As we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say, we know there are some things we do not know. But there are also unknown unknowns — the ones we don’t know we don’t know.” US Secretary of Defense Donald Rumsfeld during a Pentagon briefing We assume professional experts know a lot about their areas of knowledge whether in national security, investing, medicine, or other fields. But, as Rumsfeld’s comment highlights, “metaknowledge,” or awareness of the limits of your knowledge, is just as important…
BC Hydro, the government-owned electric utility company, supplies electricity to 95% population of British Columbia. In April 2024, they called for acquiring 3,000 GWh of clean energy to bolster B.C.’s electricity grid. Quite surprisingly, the government recently announced an overwhelming response to BC Hydro’s call for clean energy. Independent producers across the province submitted proposals that boosted the capacity 3X more than what they expected, totaling 9,000 GWh. Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation “We need more clean energy to power our homes, businesses and industries, to power growing communities and to power our future. Building an…
The FusionCube Chatbot NurPhoto via Getty Images In a blog post published yesterday called “The Intelligence Age” Sam Altman wrote, “Many of the jobs we do today would have looked like trifling wastes of time to people a few hundred years ago, but nobody is looking back at the past, wishing they were a lamplighter. If a lamplighter could see the world today, he would think the prosperity all around him was unimaginable.” So that begs the question, what will customer service look like in the next five years, and how will AI and customer service impact the customer experience?…
The call is coming from inside the house.No, this isn’t a twist from a horror movie – it’s a warning for your portfolio. Years ago, investors had to fend off cold calls from brokers pushing penny stocks, the kind of boiler room tactics made famous by fictional and real characters like Gordon Gekko and Jordan Belfort. Today, scammy brokers are mostly relics of the past, outpaced by investor access to better information and technology. Yet while investors are more empowered, they still face a potential deceiver closer to home: themselves. The silver lining? This hard truth – that we are often…
“We are hopeful that it will serve as an anchor to help attract private funding into the project,” said Melissa Sanderson, a member of the company’s board of directors. The bank has also offered $330 million to finance the construction of Anson Resources’ lithium production plant in the Paradox Basin, Utah, the Australian company said on Tuesday. Earlier this year, the bank backed two Australia-listed listed rare earths projects by Australian Strategic Materials and Meteoric Resources with up to $850 million of funding. The United States and Australia established a critical minerals taskforce last year as Australia seeks to attract…
Many of the market indexes may be hitting fresh highs, but the same can’t be said of many actual stocks. Shares of Pinterest (NYSE: PINS) and GitLab (NASDAQ: GTLB) are trading more than 30% off their 52-week highs. PayPal (NASDAQ: PYPL) hit a fresh 52-week high on Monday, but it would still have to quadruple from here to revisit its all-time peak.All three stocks are owned by Cathie Wood’s Ark Invest collection of exchange-traded funds for risk-tolerant growth investors. She added to all three positions on Monday. Let’s take a closer look at Wood’s three latest buys.1. PinterestThere’s good news…
Caroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion.The prison term was significantly stiffer than the recommendation by the federal Probation Department that Judge Lewis Kaplan sentence Ellison to three years of supervised release, with no time at all behind bars.Defense lawyers also had requested a no-prison sentence for Ellison, who had run Alameda Research, a…
Image source: Getty Images I reckon it’s entirely possible to create a passive income stream by buying dividend stocks, and letting compounding work its magic. Let me explain how I’d approach this challenge. Kicking things off Firstly, I’d open a Stocks and Shares ISA due to the favourable tax implications on dividends received. I’m going to need this due to dividends being the bedrock of building my pot of money. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information…