Latest news with #Copper
Yahoo
2 days ago
- Business
- Yahoo
Commodities: What the dollar-yield disconnect means for prices
US dollar (DX=F, and the US 10-year Treasury (^TNX) moved in opposite directions after President Trump announced his tariff plans. The moves can have a big impact for commodities, which is something Yahoo Finance markets and data editor Jared Blikre — who also hosts the Stocks In Translation podcast — takes a closer look at in the video above. Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes here, or watch on your favorite streaming service. To watch more expert insights and analysis on the latest market action, check out more Wealth here. King dollar is stuck near three year lows, commodities are on the move, but something's fishy in the bond market. I'm Jared Blikre, host of Stocks and Translation. First, if we're going to talk about the dollar, we have to talk about real yields too. Quick refresher, the real real yield is the basic treasury yield minus expected inflation and it's a simple way to gauge growth expectations and Fed policy. Now, check out this chart. The dollar is in white and the US 10 year real yield is in green. Historically, higher real yields meant a stronger dollar, they'd go hand in hand and that's mostly held true over the last five years, except these four boxed areas in red. In June of 2021, January 22 and summer of 23, we saw brief splits where the dollar and real rates, they diverge, but notice the most recent break in April of this year. It is the longest and the most extreme. The tariff tantrum sent the dollar down sharply even as real yields rose above 2%. So the big question, will the dollar and yields keep reconnected or is this the new norm? Uh this matters because every major commodity is priced in dollars and they're also responding to this twist in new ways. First up is gold, which is holding firmly above $3,300 per ounce and getting closer to its record $3,500 high. It is supported by hedge fund inflows, $75 billion annualized and also into ETFs and also central banks which bought over 1,000 tons of the yellow metal in the last year alone. Keep in mind, even if the dollar rallies, gold has strong flow support and could easily rise or at least maintain its gains regardless. Now, let's talk about Dr. Copper, a global economic bellwether. It surged to a record high of about $5.25 per pound in late March, then it quickly fell 20% into a bear market on tariff news. Policy headlines are driving copper prices more than the dollar these days. So price action in the greenback alone is less important than macro these days. Pay careful attention to the dollar rate's nuance here. Then we have crude oil. It is another one to watch closely because it is a key barometer of global industrial demand. OPEC Plus, it controls about 40% of global supply and it is just starting now to unwind its cuts, meaning more supply on deck. Watch the $65 level because above that, oil could quickly rise towards 75 or even $80, but a move below the recent $55 lows opens up a potential drop to $40 per barrel, which would not say great things about the global economy. So here's the bottom line. Keep your eyes on two variables, the dollar and real yields as a macro signal. If the dollar drops and real yields also move lower in tandem, expect a broad commodity rally, a classic reflation. If the dollar stays weak, but real yields remain high like right now, gold shines, but oil might hold up and copper, well, that could be choppy to the down. And if the dollar bounces and yields stay high, gold is probably the least prone of the three commodities to a sell off, call it a safe haven, while oil and copper could face pressure. Now we don't know yet which path the market is going to choose, but this is a road map to keep you oriented. And tune into Stocks and Translation for more jargon busting deep dives. New episodes on Tuesdays and Thursdays on Yahoo Finance's website or wherever you find your podcasts.
Yahoo
20-05-2025
- Sport
- Yahoo
Former WNBA Champion Whom Angel Reese Tried to Recruit Receives Disappointing Update
Chicago Sky forward Angel Reese had an incredible rookie season in the WNBA. She averaged 13.6 points and a league record 13.1 rebounds per contest en route to All-Star and All-Rookie honors. The Sky still missed the playoffs last season, however, and the team needed to add some firepower to the lineup. Phoenix Mercury guard Kahleah Copper was an obvious choice, as she scored 21.1 points per game last year and teamed up with Reese during Unrivaled. Advertisement Copper also played for Chicago before and was a key cog on the franchise's 2021 WNBA championship team. Reese reportedly tried to openly recruit Copper to rejoin the Sky this offseason. Phoenix Mercury guard Kahleah Copper (2).Michael Chow/The Republic / USA TODAY NETWORK The Sky already got off to a rough start in the 2025 WNBA season, dropping a brutal 93 to 58 game on the road to the Indiana Fever on opening day. Reese contributed a 12-point, 17-rebound double-double, but she needed help on the court. Unfortunately, Copper received a disappointing update on Saturday. After initially reporting that she had a knee injury of unknown severity, the Mercury confirmed that she had knee surgery and will miss over a month of the WNBA season. This is devastating news for Copper, as she is coming off of the best season of her career. However, it is also bad news for the Sky, as she was a potential trade candidate during the year if Chicago needed a jolt and Phoenix was looking to be a seller at the deadline. Advertisement Now, it will be on head coach Tyler Marsh to figure out a way to maximize the players he already has in the building. Perhaps starting Hailey Van Lith or factoring Kamilla Cardoso into the offense more would be a good move. Regardless, the Chicago Sky have plenty to work through before their next game. They'll take on the New York Liberty on Thursday, May 22. Related: Angel Reese's Sky Teammate Sends Strong Statement After Caitlin Clark Drama Related: Angel Reese Had Words for Caitlin Clark Foul After Sky's Loss to Fever
Yahoo
20-05-2025
- Business
- Yahoo
Grid Battery Awards Contract for 2025 Exploration Program on its Copper-Gold Property to Hardline Exploration
COQUITLAM, BC / / May 20, 2025 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased to announce that an exploration program has been awarded to Hardline Exploration Founded in 2014, Hardline, an experienced mining contractor based out of Smithers, BC, is a leading geological consulting firm operating in western Canada. Hardline works directly with local contractors and First Nations to ensure their projects receives the most efficient & dedicated exploration services available. They specialize in executing programs on complex exploration projects to generate new discoveries and have a proven track record of successful projects incorporating highly skilled geologists and team members with vast experience across Canada on a variety of deposit types. Please refer to the Technical Report for Grid BC Copper-Gold Project, dated January 24, 2025 prepared by Jeremy Hanson, (filed on SEDAR+ and our website). About the Copper-Gold PropertyThe Company acquired a 100% interest in 17 mineral claims comprising 27,525 hectares (approximately 275 km2) located in North Central British Columbia. The region is host to numerous operating mines, good infrastructure including experienced exploration and supporting services. Prominent among early discoveries in the Omineca region include the nearby Lustdust/Stardust Copper - Gold deposit; the Kwanika Copper - Gold deposit and the Lorraine Copper deposit (all of which are owned by (NorthWest Copper Corp. (TSXV:NWST). The Company's claims are also located between Centerra Gold Inc.'s (TSX:CG)(NYSE:CGAU) prominent Copper/Gold assets, the Kemess North project and the operating Mount Milligan mine, which has produced over 1.8 million ounces of gold and 742 million pounds of copper (Technical Report on the Mount Milligan Mine, November 7, 2022, Borntrager. B, et al.). B.C. Minfile assessment report data indicates that most of the area covered by the Copper Property was at one time or another covered by staking during surges of exploration in B.C. dating from the 1940's to present day. Largely the claims appear to have been minimally explored with little follow-up. However, some work was recorded on several claims with results for stream sediment sampling showing anomalous to highly anomalous results for gold in a few areas. These areas were recommended for detailed follow-up, however due to a downturn no further work was recorded The Omineca Group claim areas are within the northern Quesnel Trough underlain by Cache Creek Terrane and lies close to the Pinchi Fault. The Quesnel Trough hosts numerous porphyry copper-gold deposits. The Pinchi Fault can be traced for 600 km through north-central B.C and separates Cache Creek rocks from the Jurassic Hogem Batholith and Triassic-Jurassic Takla rocks to the west. Rocks have a north-northwest strike trend typical of the entire Intermontane Belt in which the Cache Creek Terrane lies (Gabrielse and Yorath, 1992). A wide range of Jurassic to Tertiary intrusions cuts the Cache Creek Assemblage and many of these are emplaced along the prominent NW-trending structures and stratigraphic breaks. Numerous mercury occurrences are present along the length of the Pinchi fault (Albino, 1987) and a few gold and base metal occurrences are present near the Pinchi fault including the Lustdust, Lorraine, Indata and Axelgold properties. There are at least two alkalic gold-copper Porphyry systems in the immediate Lustdust (now known as Stardust) area: J49 and Axel Properties (Schiarrizza, 2000). 2025 Exploration Program|Mr. Tim Fernback, President & CEO comments "We're excited that we have acquired approximately 275 km2 of tenures in such a favourable mining region within British Columbia, Canada. This area of the Province has already generated several promising projects, and our land package is strategically situated to exploit the high copper-gold values of the region. NorthWest Copper Corp. (TSXV:NWST) on the nearby Kwanika project intercepted 400 metres of 1.01 % Copper equivalent (News Release: January 16, 2023 Northwest Copper Corp). British Columbia is a mining-friendly jurisdiction with reasonable processes, good infrastructure and potential First Nation partners." Mr. Fernback continues "For 2025, we propose to carry out a preliminary exploration program on two of the five claim blocks recently acquired as part of our Exploration Phase 1. Here a large assaying, trenching, sampling and geophysics program is planned for the Jupiter and Starlight claim blocks. We are planning this work during the summer exploration season and expect to have assay results by the fall with next exploration steps identified on the various claim blocks shortly thereafter." Qualified PersonJeremy Hanson, an independent qualified person as defined under National Instrument 43-101 has reviewed and approved the technical content in this news release. About Grid Battery Metals Inc. Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market. About Texas Springs PropertyThe Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation. A Phase 1 exploration program at the Texas Springs Property (Fall 2023) yielded average lithium grades of 2010 ppm, applying a 1,000 ppm cut-off, and up to 5,610 ppm Lithium. The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV:NILI)(OTC:NILIF) and comprised of 725 mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023). Our exploration results are on-trend with these results. About Clayton Valley Lithium ProjectThe Company owns a 100% interest in 113 lithium lode and placer claims covering over 930 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley. About the Volt Canyon Lithium PropertyThe Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada. About the British Columbia Copper-Gold ProjectThe Company acquired a 100% interest in 17 mineral claims comprising 27,525 hectares (approximately 275 km2) located in North Central British Columbia. The region is host to numerous operating mines, good infrastructure including experienced exploration and supporting services. Prominent among early discoveries in the Omineca region include the nearby Lustdust/Stardust Copper - Gold deposit; the Kwanika Copper - Gold deposit and the Lorraine Copper deposit (all of which are owned by (NorthWest Copper Corp. (TSXV:NWST). The Company's claims are also located between Centerra Gold Inc.'s (TSX:CG)(NYSE:CGAU) prominent Copper/Gold assets, the Kemess North project and the operating Mount Milligan mine, which has produced over 1.8 million ounces of gold and 742 million pounds of copper (Technical Report on the Mount Milligan Mine, November 7, 2022, Borntrager. B, et al.). On Behalf of the Board of Directors "Tim Fernback"Tim Fernback, President & CEO Contact Information:Email: info@ 604- 428-5690 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. It should be noted that results from any adjacent property(s) are not an indication of what may be found on the Company's property(s). SOURCE: Grid Battery Metals Inc. 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Business Standard
20-05-2025
- Business
- Business Standard
Hindalco Inds Q4 PAT climbs 66% YoY to Rs 5,283 cr
Hindalco Industries' consolidated net profit jumped 66.45% to Rs 5,283 crore on 15.89% increase in revenue from operation to Rs 64,890 crore in Q4 FY25 compared with Q4 FY24. Profit before tax (PBT) stood at Rs 6,550 crore in Q4 FY25, up 58.37% YoY. EBITDA stood at Rs 10,296 crore in Q4 FY25, recoding the growth of 42.98% compared with Rs 7,201 crore in Q4 FY24. The company said that the outstanding results were driven by a strong performance by the Indian operations, supported by favourable macros and lower inputs costs. Despite headwinds, Novelis delivered a resilient performance with strong shipments in both the fourth quarter and the full year, led by robust demand for beverage packaging. Revenue from Novelis stood at $4.6 billion in Q4 FY25, up 13% YoY driven by higher average aluminium prices. EBITDA / ton stood at $540 in Q4 FY25 as against $494 in Q4 FY24. Shipments rose 1% to 957 KT in Q4 FY25 compared with 951 Kt in Q4 FY24. Aluminiuim Upstream division reported a 22% jump in revenue to Rs 10,311 crore in Q4 FY25 compared with Rs 8,469 crore in Q4 FY24. EBITDA per tonne was at $1,684 in Q4 FY25, up 74% YoY. During the quarter Downstream revenue stood at Rs 3,595 crore, up 23% YoY. Revenue from Copper (India) increased 8% YoY to Rs 14,565 crore in Q4 FY25. Copper metal sales was at 135 KT in Q4 FY25, flat YoY. On full year basis, the companys consolidated net profit jumped 57.57% to Rs 16,001 crore on 10.43% increase in revenue from operations to Rs 2,38,496 crore in FY25 over FY24. Satish Pai, managing director, Hindalco Industries, said, Hindalco delivered an all-time high performance in FY25, driven by strong operational resilience, cost discipline, and continued momentum across all our businesses. Our Aluminium Upstream business in India remained a strong anchor, complemented by robust growth in the downstream business. The Copper business achieved a record EBITDA backed by strong valueadded product sales. Despite tighter scrap spreads, Novelis delivered a resilient performance through increased beverage can shipments. Hindalco is poised to enter a phase of accelerated growth backed by robust resource security in bauxite and coal and strengthened by strategic investments across Aluminium and Copper. Our copper smelter expansion, e-waste recycling and copper value-added products, are progressing steadily, while in Specialty Alumina, we are scaling up with a differentiated, high-value portfolio." Meanwhile, the companys board recommended a dividend of Rs 5 per share of Rs 1 each for FY25, subject to approval of shareholders at the enduing annual general meeting. Further, the companys board approved the acquisition of a 100% equity stake in EMMRL, a wholly owned subsidiary of Essel Mining & Industries (EMIL) for a consideration of Rs 48 Lakhs along with net debt value of Rs 1,131 crore, subject to approval of the shareholders along with requisite approvals from State Government and Central Government as may be applicable. The proposed acquisition aims to meet the companys strategic objective of securing resources for its aluminium smelters. Hindalco Industries is the metals flagship company of the Aditya Birla Group. It operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils. The scrip added 0.46% to Rs 661 on the BSE.
Yahoo
17-05-2025
- Sport
- Yahoo
Mercury lose Kahleah Copper for 4-6 weeks, adding to roster shakeups before opener
A new era in Phoenix is off to a bumpy start. The Mercury open the 2025 season Saturday night without Diana Taurasi or Brittney Griner for the first time in more than two decades, and they will now be without Kahleah Copper for the foreseeable future. The four-time All-Star and 2024 Olympian was the only returning starter from last year's roster after a massive offseason overhaul, but Phoenix announced Saturday that she had a left knee arthroscopy and will be out for four to six weeks. Advertisement Copper participated in Unrivaled during the winter but suffered a right leg injury that limited her to appearances in seven of 16 games. She had been relatively healthy in WNBA action, missing only five games in 2023 and 2024 combined. Her best year was 2024, averaging 21.1 points as she earned all-WNBA honors for the first time in her nine-year career. She also played a pivotal role off the bench for the United States in the gold medal game against France at the Paris Olympics last summer. Phoenix built a top-heavy roster entering 2025, sacrificing much of its depth to acquire All-Stars Satou Sabally and Alyssa Thomas. Sami Whitcomb is the only other player on the Mercury to have ever averaged double figures in points, and that was in 2021. Phoenix will also be without Natasha Mack for two to three weeks because of a lower back injury. Copper and Mack were the only returning players on the roster, which lost mainstays Taurasi and Griner to retirement and free agency, respectively. Coach Nate Tibbetts joked during the offseason that the Mercury would have to wear name tags during training camp, but their roster is currently closer to an expansion team than a contender in terms of continuity. They'll take the floor against the Seattle Storm on Saturday with zero players from 2024, plus three rookies. This article originally appeared in The Athletic. Phoenix Mercury, WNBA 2025 The Athletic Media Company
