Eramet produces first lithium from Centenario plant in Argentina
Eramet becomes the first European company to produce lithium carbonate at an industrial scale.
Markets are reacting now that Greece has decisively voted no.
As of 12:15 PST Bitcoin was at five month high, trading at $268.
Image from CoinBase.
Image from FinViz
Spot gold opened slightly higher at $1,173 per ounce but slid.
With Greeks voting no to the EU’s demands, the country is more likely to leave the euro. Greece may also default on debt obligations and return to the drachma, it’s former currency.
The prime minister of Greece, Alexis Tsipras, says he is committed to ongoing negotiation. On Monday the European Central Bank will hold an emergency summit. French president Francois Hollande and German chancellor Angela Merkel will also hold a meeting on Monday.
Today we celebrate the victory of #democracy. Tomorrow, we will all continue our national effort to reach an agreement. #Greece
— Alexis Tsipras (@tsipras_eu) July 5, 2015
Crowd at Syntagma now chanting “OXI, OXI, OXI” and the fountain is lit red #Greece pic.twitter.com/2QERxq3AhA
— Ryan Heath (@PoliticoRyan) July 5, 2015
Dear Bitcoiners, I know you’re excited, but this Greece thing is not all about you.
— Startup L. Jackson (@StartupLJackson) July 5, 2015
Just one of the many lessons that #Europe will need to internalize from today’s #Greferendum result. #Greece #Grexit https://t.co/yz6Kn8H0hH — Mohamed A. El-Erian (@elerianm) July 5, 2015
5 Comments
Street
Doesn’t surprise me in the least. What else is left other than Gold when all currencies fail…..
Alex H. Lamarche
When the greek president say “the victory of democracy” he didn’t ask the opinion of those who will bail them out… So much for democracy;
Anopheles
Bitcoin up????
Take a look at the 2 year chart. It tells the REAL story.
Kenneth Viney
Greece has been on govt welfare since the Progressive Socialists took over in the 90’s. 70% of the workers work for govt and get a 70% pension after age 50. They get 2 months vacation per year. You say Greece has the rights of a separate country to do what they want and I agree but the other Euro countries also have the right to stop lending. Under the democrats we will get to where the Greeks are in time. Our debt is 50 times greater than Greek debt. Hell, we are there already with $18 trillion in dept.
LAMB
The imaginary BITcoin has risen – AGAINST WHAT? How can anyone compare the VALUE of a BITcoin when it is an INTERNET figment of one mans imagination?????????? The EURO is a GOLD-based currency.
At least if one has a currency that is valued against the price of GOLD, it is possible to compare the value to other currencies with a Gold base. BITcoin has no relation to GOLD
Enough said about an imaginary currency.