Image source: Getty Images.
Bitcoin is not like gold after all, following its meltdown in May 2021. Another brutal month is possible in June, given the diminished investors’ interest plus the start of crackdowns in the cryptocurrency space. The latest disturbing news is a few hundred cases of crypto scams reported from the UAE in the Middle East.
The highly volatile nature of Bitcoin is on full display again. As of June 7, 2021, the world’s most popular digital currency traded at US$36,514.79 or 42.5% lower than its peak of US$63,503.46 on April 13, 2021. Analysts at
JPMorgan say the shift away from Bitcoin and the departure of institutional investors back to traditional gold is happening.
BHP, Freeport invest in Jetti Resources’ ‘holy grail’ copper extraction technology
Mike Outwin, founder and CEO, Jetti Resources. Image from Jetti.
Jetti Resources, the Colorado-based company that developed an eponymous copper extraction technology announced Friday it has secured $50 million in funding to support rapid deployment of the technology across large scale copper mining operations.
The financing round was led by existing investor Mitsubishi Corporation, and included new investors Freeport-McMoRan, BHP Ventures, Orion Resource Partners, and funds and accounts advised by T. Rowe Price Associates, Inc. Jetti said Mitsubishi further deepened its involvement as an investor as part of a shared vision for transforming the copper industry.
Capstone Mining Corp. ("Capstone" or the "Company") (TSX:CS) announces that Mr. SeungWan Shon has resigned from the Board of Directors of the Company effective immediately. Mr. Shon was Korea Resources
/PRNewswire/ It s common knowledge that the Pandemic has driven the price of precious metals to all time highs over the last year… but how long will it.
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Copper prices have been riding higher for the last several months. Amid the impending economic recovery, the industrial metal could continue to soar higher in 2021 and beyond. Some of the Canadian miners zoomed recently due to upbeat copper prices.
Among them,
Capstone Mining(TSX:CS) tops the chart with almost 1,500% gain since last March. One of the top copper producers,
Teck Resources (TSX:TECK.B)(NYSE:TECK), is up more than 220% in the same period. Notably, the
TSX Composite Index has rallied 25% since last March.
Top TSX copper stocks
It’s delightful for copper investors to see such high growth in a short period, mainly after years of underperformance. Interestingly, the current macroeconomic outlook paints a rosy picture for base metals, which will likely drive copper stocks higher.