Market Commentary7 Oct 2024 13:13
"French energy giant TotalEnergies is studying whether to start trading copper, potentially paving the way to expand its vast oil trading operations into metals for the first time. This follows Vitol and Mecuria who are moving into metals ...........they can all see the mining boom about to happen !
And we have more M&A in the sector as Rio Tinto has made an approach to buy Arcadium Lithium. Philadelphia-based Arcadium Lithium currently has a market capitalisation of $3.3bn, with its share price down over 50 per cent this year but its jumped this morning over 45%
Also the Lithium price is quietly creeping back up and is now back above $10,000. Still too low for most Li Companies as $15,000 more like a breakeven point"
Not my commentary BTW.
DYOR