Copperâs Record-Breaking Rally May Be About to Take a Pause
May 19 2021, 11:06 AM
May 19 2021, 4:00 AM
May 19 2021, 11:06 AM
(Bloomberg Opinion) Is copperâs record-breaking rally nearing its end? There are more and more reasons to think so.
(Bloomberg Opinion) Is copperâs record-breaking rally nearing its end? There are more and more reasons to think so.
Three-month forwards on the London Metal Exchange hit an unprecedented $10,440 a metric ton last week, after nearly doubling in price in the space of a year. Since then, theyâve bounced around the same level, unsure whether to rise further or pause for breath.
Accord, CIBC, Generic Gold at 52-Week Highs on News Accord Financial Corp. (T.ACD) hit a new 52-week high of $8.50 on Thursday. Accord Financial today announced the voting results from its Annual and Special Meeting of Shareholders held on May 5 in Toronto, Ontario .Shareholders voted in favour of all items of business put forth at the meeting as set out below. A total of 6,330,020 shares were represented at the ASM representing 73.96% of the total issued and outstanding shares.
Canadian Imperial Bank of Commerce (T.CM) hit a new 52-week high of $130.16 on Thursday. CIBC Innovation Banking has provided a Capital Call Line of Credit to Vanedge Capital III L.P., an early-stage venture capital fund.
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(Bloomberg) Copper is so crucial in electrifying the global economy that finding enough of it has become a national security issue, according to billionaire…
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Inside the Market’s roundup of some of today’s key analyst actions
ARC Resources Ltd.’s (ARX-T) $8.1-billion merger with
Seven Generations Energy Ltd. creates a “premier low-cost, Montney producer that should be able to recognize substantial cost savings going forward,” according to iA Capital Markets analyst Michael Charlton.
Following Tuesday’s close of the combination of Alberta-based producers, Mr. Charlton thinks ARC “has no shortage of runway ahead” with more than 1 million acres in the Montney Formation to develop as “the dominant condensate producer in Canada, the third-largest natural gas producer, and sixth-largest upstreamer.”