America finds massive source of lithium in Wyoming
There could be up to 18 million tons of lithium there, worth up to roughly $500 billion at current market prices
There could be up to 18 million tons of lithium there, worth up to roughly $500 billion at current market prices
The U.S. currently imports more than 80% of the lithium it uses, with the silvery metal winding up in batteries from cell phones to electric cars.
But gold producers miss out again.
It's quite common for a sector to look broken at the bottom.
Market volatility sets the stage for price upswings as well as down, according to Michael Gray, equities analyst of Macquarie Capital Markets, and the recent gold price drop should be seen as a "pause" in the bull market.
New rules likely to come into force by mid-May.
The Canadian energy company Suncor Energy has been struggling since hitting a high of 74 five years ago.
In February, the conservative state government of Queensland lifted a ban on shale oil exploration and production along its coast, enabling companies to begin assessing the potential there, in the search for starting a shale boom equal to the one in the US.
What is up—the Dow Jones and S&P 500—will come down and what is down—gold equities—will go up fast, predicts the ultimate contrarian investor, Bob Moriarty.
Reserve could contain between 40 million and 150 million recoverable barrels of oil equivalent.