Supply concerns bumped the red metal’s price up 2 percent on Wednesday.
By Pia Rivera
US President-elect Donald Trump has publicly stated his pick for Securities and Exchange Commission chair: Wall Street lawyer Jay Clayton got the nod on Wednesday.
As many lithium investors are no doubt aware, more and more market participants keep jumping on the lithium train. One of the biggest players to do so has been Goldman Sachs which came out with a note entitled “Lithium Is the New Gasoline” last December.
INN explains why cybersecurity is a top priority for the fintech sector.
Digital Asset Holdings, a New York-based blockchain startup, has reported that Goldman Sachs (NYSE:GS) and IBM (NYSE:IBM) have joined its funding round. This pushes the total amount raised in excess of $60 million.
It’s been a topsy-turvy week for precious metals; meanwhile, copper and oil prices both took substantial hits this week.
Reuters reported that a US judge has dismissed an antitrust lawsuit in which zinc buyers had accused Goldman Sachs Group Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM) and Glencore plc (LSE:GLEN) of working together to drive the metal’s price up.
Representatives from Nemaska Lithium, Western Lithium, Avalon Rare Metals and Lithium X comment on the lithium outlook for 2016.
The US dollar is expected to continue pressuring the gold price in 2016, and many firms are now calling for the metal to fall below $1,000.