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January 31, 2025

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Gold stocks have risen, even after the Federal Reserve decided to keep interest rates unchanged. So it wasn’t surprising to find a few gold mining stocks filtered in my StockCharts Technical Rank (SCTR) scan. (This scan was created using StockCharts’ Advanced Scan Workbench and can be found at the end of the article for reference.)

I selected Alamos Gold, Inc. (AGI), a gold mining stock in the materials sector for further analysis. Gold mining stocks have been rising, as have gold prices, and, with AGI trading at around $21, the stock is worth considering as an addition to a portfolio. 

A Deep Dive Into Alamos Gold

AGI has had an interesting run since late 2022, after it broke out of a shallow downward-sloping sideways range. The stock rode higher, moved sideways for almost a year, and then continued its upward trend. It pulled back again from late October 2024 to January 2025; it is now trading above its 21-week exponential moving average (EMA) and challenging its all-time highs.

FIGURE 1. WEEKLY CHART OF GOLD MINING STOCK ALAMOS. The stock has been trending higher since early 2024 and is now battling with its all-time highs.Chart source: StockCharts.com. For educational purposes.

When a stock reaches its all-time high, that could be an incentive to go even higher. But there needs to be momentum. There are a handful of momentum indicators you could use, such as the relative strength index (RSI), moving average convergence/divergence (MACD), and average directional index (ADX).

Let’s look at the daily chart of AGI to identify potential entry points.

FIGURE 2. DAILY CHART OF ALAMOS GOLD. The SCTR score is 82.50, the price is very close to its 52-week high (in this case, an all-time high), and RSI is almost 70. The stock is also trading well above its 15-day EMA.Chart source: StockChartsACP. For educational purposes.

The Distance to 52-Week Highs indicator in the lower panel shows AGI is close to its 52-week high. The SCTR score is above 80, volume is picking up, the stock is trading above its 15-day EMA, and the RSI has been trending higher, just shy of 70. All indicators point to AGI retaining its bullish move.

AGI failed to close at a new all-time high on Thursday. It’s worth monitoring the stock’s momentum to see if it can close at a new high and push through it. If not, consider catching it on a pullback and trying to ride the wave up. It could be a golden opportunity.

However, as we know too well, things can change. If the dynamics of AGI start shifting — i.e. the SCTR score falls, the stock price moves closer to its 15-day EMA, or the RSI reverses and approaches the 50 line — then it may be time to exit the stock.

As always, if any of the indicators start reversing, which would suggest that the stock’s strength is declining, you may be better off moving on to find more promising investments.

The SCTR Scan

[country is US] and [sma(20,volume) > 100000] and [[SCTR.us.etf x 76] or [SCTR.large x 76] or [SCTR.us.etf x 78] or [SCTR.large x 78] or [SCTR.us.etf x 80] or [SCTR.large x 80]]


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Gold has long been considered a store of wealth, and the price of gold all time high often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

While some have posited that the gold price may break US$3,000 per ounce and carry on as high as US$4,000 or US$5,000, there are those with hopes that US$10,000 gold or even US$40,000 gold could become a reality.

These impressive price predictions have investors wondering, what is gold’s all time high? In the past year, a new gold all time high (ATH) has been reached dozens of times, and we share the latest one and what has driven it to this level below. We also take a look at how the gold price has moved historically and what has driven its performance in recent years.

In this article

    How is gold traded?

    Before discovering what the highest gold price ever was, it’s worth looking at how the precious metal is traded. Knowing the mechanics behind gold’s historical moves can help illuminate why and how its price changes.

    Gold bullion is traded in dollars and cents per ounce, with activity taking place worldwide at all hours, resulting in a live price for the metal. Investors trade gold in major commodities markets such as New York, London, Tokyo and Hong Kong. London is seen as the center of physical precious metals trading, including for silver. The COMEX division of the New York Mercantile Exchange is home to most paper trading.

    There are many popular ways to invest in gold. The first is through purchasing gold bullion products such as bullion bars, bullion coins and rounds. Physical gold is sold on the spot market, meaning that buyers pay a specific price per ounce for the metal and then have it delivered. In some parts of the world, such as India, buying gold in the form of jewelry is the largest and most traditional route to investing in gold.

    Another path to gold investment is paper trading, which is done through the gold futures market. Participants enter into gold futures contracts for the delivery of gold in the future at an agreed-upon price. In such contracts, two positions can be taken: a long position under which delivery of the metal is accepted or a short position to provide delivery of the metal. Paper trading as a means to invest in gold can provide investors with the flexibility to liquidate assets that aren’t available to those who possess physical gold bullion.

    One significant long-term advantage of trading in the paper market is that investors can benefit from gold’s safe-haven status without needing to store it. Furthermore, gold futures trading can offer more financial leverage in that it requires less capital than trading in the physical market.

    Interestingly, investors can also purchase physical gold via the futures market, but the process is complicated and lengthy and comes with a large investment and additional costs.

    Aside from those options, market participants can invest in gold through exchange-traded funds (ETFs). Investing in a gold ETF is similar to trading a gold stock on an exchange, and there are numerous gold ETF options to choose from. For instance, some ETFs focus solely on physical gold bullion, while others focus on gold futures contracts. Other gold ETFs center on gold-mining stocks or follow the gold spot price.

    It is important to understand that you will not own any physical gold when investing in an ETF — in general, even a gold ETF that tracks physical gold cannot be redeemed for tangible metal.

    With regards to the performance of gold versus trading stocks, gold has an interesting relationship with the stock market. The two often move in sync during “risk-on periods” when investors are bullish. On the flip side, they tend to become inversely correlated in times of volatility.

    According to the World Gold Council, gold’s ability to decouple from the stock market during periods of stress makes it “unique amongst most hedges in the marketplace.” It is often during these times that gold outperforms the stock market. For that reason, it is often used as a portfolio diversifier to hedge against uncertainty.

    What was the highest gold price ever?

    The gold price closed at US$2797.81, its all-time highest price, on January 30, 2025. What drove it to set this new ATH?

    The gold price set new highs in all currencies on January 30 alongside a weakening US dollar, US Federal Reserve leaving rates unchanged, a rush to safe haven assets and the looming threat of US President Donald Trump’s tariffs. Additionally, new US economic data showed inflation-adjusted gross domestic product in the country increased an annualized 2.3 percent in the fourth quarter of 2024 after rising 3.1 percent in the third quarter.

    Gold has seen upward momentum in recent months on a variety of factors. Gold was on the rise early in the new year as President Trump and his team began to seriously talk about a wide-ranging set of tariffs on several countries. Gold also reacted to a weaker-than-expected US private employment report which showed that the economy added 122,000 jobs in the private sector in December, below the estimated 140,000.

    The Bureau of Labor Statistics released the latest US jobs report on January 10, showing that nonfarm payrolls for December 2024 rose the most since March 2024, while unemployment fell to 4.1 percent.

    On January 29, the Bank of Canada shaved 25 basis points of its policy interest rate (its sixth consecutive decrease), and announced plans to end quantitative tightening. On the same day, the US Federal Reserve opted to leave its interest rate unchanged. The following day, President Trump announced it very likely will be placing 25 percent tariffs on Mexico and Canada as of February 1.

    As for gold demand, on October 30 the World Gold Council reported that gold purchases from undocumented sources and gold ETF inflows were both drivers of demand growth in Q3 2024. On the other hand, central bank gold purchases were down during the quarter.

    Read our in-depth breakdown of gold’s recent price performance below.

    2025 gold price chart

    2025 gold price chart. December 31, 2024, to January 30, 2025.

    What factors have driven the gold price in the last five years?

    Despite these recent runs, gold has seen its share of both peaks and troughs over the last decade. After remaining rangebound between US$1,100 and US$1,300 from 2014 to early 2019, gold pushed above US$1,500 in the second half of 2019 on a softer US dollar, rising geopolitical issues and a slowdown in economic growth.

    Gold’s first breach of the significant US$2,000 price level in mid-2020 was due in large part to economic uncertainty caused by the COVID-19 pandemic. To break through that barrier and reach what was then a record high, the yellow metal added more than US$500, or 32 percent, to its value in the first eight months of 2020.

    The gold price surpassed that level again in early 2022 as Russia’s invasion of Ukraine collided with rising inflation around the world, increasing the allure of safe-haven assets and pulling the yellow metal up to a price of US$2,074.60 on March 8, 2022. However, it fell throughout the rest of 2022, dropping below US$1,650 in October.

    5 year gold price chart. January 30, 2020, to January 30, 2025.

    Although it didn’t quite reach the level of volatility as the previous year, the gold price experienced drastic price changes in 2023 on the back of banking instability, high interest rates and the breakout of war in the Middle East.

    After central bank buying pushed the gold price up to the US$1,950.17 mark by the end of January, the US Federal Reserve’s 0.25 percent rate hike on February 1 sparked a retreat as the dollar and Treasury yields saw gains. The precious metal went on to fall to its lowest price level of the year at US$1,809.87 on February 23.

    The banking crisis that hit the US in early March caused a domino effect through the global financial system and led to the mid-March collapse of Credit Suisse, Switzerland’s second-largest bank. The gold price jumped to US$1,989.13 by March 15. The continued fallout in the global banking system throughout the second quarter of the year allowed gold to break above US$2,000 on April 3, and go on to flirt with a near-record high of US$2,049.92 on May 3.

    Those gains were tempered by the Fed’s ongoing rate hikes and improvements in the banking sector, resulting in a downward trend in the gold price throughout the remainder of the second quarter and throughout the third quarter. By October 4, gold had fallen to a low of US$1,820.01 and analysts expected the precious metal to be on the path to drop below the US$1,800 level.

    That was before the October 7 attacks by Hamas on Israel ignited legitimate fears of a much larger conflict erupting in the Middle East. Reacting to those fears, and rising expectations that the US Federal Reserve would begin to reverse course on interest rates, gold broke through the important psychological level of US$2,000 per ounce and closed at US$2,007.08 on October 27. As the Israel-Hamas fighting intensified, gold reached a then new high of US$2,152.30 during intraday trading on December 3.

    That robust momentum in the spot gold price has continued into 2024, chasing new highs on fears of a looming US recession, the promise of Fed rate cuts on the horizon, the worsening conflict in the Middle East and the tumultuous US presidential election year. By mid-March, gold was pushing up against the US$2,200 level.

    That record-setting momentum continued into the second quarter of 2024 when gold broke through US$2,400 per ounce in mid-April on strong central bank buying, sovereign debt concerns in China and investors expecting the Fed to start cutting interest rates. The precious metal went on to hit US$2,450.05 per ounce on May 20.

    Throughout the summer, the hits have just kept on coming. The global macro environment is highly bullish for gold in the lead up to the US election. Following the failed assassination attempt on former US President Donald Trump and a statement about coming interest rate cuts by Fed Chair Jerome Powell, the gold spot price hit a new all-time high on July 16 at US$2,469.30 per ounce.

    One week later, news that President Joe Biden would not seek re-election and would instead pass the baton to his VP Kamala Harris eased some of the tension in the stock markets and strengthened the US dollar. This also pushed the price of gold down to US$2,387.99 per ounce on July 22.

    However, the bullish factors supporting gold over the past year remain in play and the spot price for gold has gone on to breach the US$2,500 level first on August 2 on a less than stellar US jobs report before closing just above the US$2,440 level. A few weeks later, gold pushed past US$2,500 once again on August 16, to close above that level for the first time ever after the US Department of Commerce released data showing a fifth consecutive monthly decrease in a row for homebuilding.

    The news that the Chinese government issued new gold import quotas to banks in the country following a two month pause also helped fuel the gold price rally. Central bank gold buying has been a significant tailwind for the gold price this year, and China’s central bank has been one of the strongest buyers.

    Market watchers expected the Fed to cut interest rates by a quarter point at their September meeting, but news on September 12 that the regulators were still deciding between the expected cut or a larger half-point cut led gold prices on a rally that carried through into the next day, bringing gold prices near US$2,600.

    At the September 18 Fed meeting, the committee ultimately made the decision to cut rates by half a point, news that sent gold even higher. By Friday, September 20, it moved above US$2,600 and held above US$2,620.

    In October, gold breached the US$2,700 level and has continued to set new highs on a variety of factors, including further rate cuts and economic data anticipation, the escalating conflict in the Middle East between Israel and Hezbollah, and economic stimulus in China — not to mention the very close race between the US presidential candidates.

    What’s next for the gold price?

    What’s next for the gold price is never an easy call to make. There are many factors that affect the gold price, but some of the most prevalent long-term drivers include economic expansion, market risk, opportunity cost and momentum.

    Economic expansion is one of the primary gold price contributors as it facilitates demand growth in several categories, including jewelry, technology and investment. As the World Gold Council explains, “This is particularly true in developing economies where gold is often used as a luxury item and a means to preserve wealth.” Market risk is also a prime catalyst for gold values as investors view the precious metal as the “ultimate safe haven,” and a hedge against currency depreciation, inflation and other systemic risks.

    Going forward, in addition to the Fed, inflation and geopolitical events, experts will be looking for cues from factors like supply and demand. In terms of supply, the world’s five top gold producers are China, Australia, Russia, Canada and the US. The consensus in the gold market is that major miners have not spent enough on gold exploration in recent years. Gold mine production has fallen from around 3,200 to 3,300 metric tons each year between 2018 and 2020 to around 3,000 to 3,100 metric tons each year between 2021 and 2023.

    On the demand side, China and India are the biggest buyers of physical gold, and are in a perpetual fight for the title of world’s largest gold consumer. That said, it’s worth noting that the last few years have brought a big rebound in central bank gold buying, which dropped to a record low in 2020, but reached a 55 year high of 1,136 metric tons in 2022.

    The World Gold Council has reported that central bank gold purchases in 2023 came to 1,037 metric tons, marking the second year in a row above 1,000 MT. In the first half of 2024, the organization says gold purchases from central banks reached a record 483 metric tons.

    David Barrett, CEO of the UK division of global brokerage firm EBC Financial Group, is also keeping an eye on central bank purchases of gold.

    In addition to central bank moves, analysts are also watching for escalating tensions in the Middle East, a weakening US dollar, declining bond yields, and further interest rate cuts as factors that could push gold higher as investors look to secure their portfolios.

    Speaking at the Metals Investor Forum, held in Vancouver, British Columbia, this September, Eric Coffin, editor of Hard Rock Analyst, outlined those key factors as supporting his prediction that gold could reach US$2,800 by the end of 2024.

    “When it comes to outside factors that affect the market, it’s just tailwind after tailwind after tailwind. So I don’t really see the trend changing,” Coffin said.

    Also speaking at the Metals Investor Forum, Jeff Clark, founder and editor at TheGoldAdvisor.com, was even more bullish on the precious metal. He sees Santa delivering US$3,000 gold as a good possibility.

    However, others see gold taking a little longer to breach the US$3,000 level. Delegates at the London Bullion Market Association’s annual gathering in October have forecasted a gold price of US$2,941 in the next 12 months.

    Goldman Sachs (NYSE:GS) is predicting gold will hit US$2,900 in early 2025, as it expects to see an increase in gold ETF inflows, continued central bank buying and interest rate cuts, as well as further conflicts in the Middle East.

    Should you beware of gold price manipulation?

    As a final note on the price of gold and buying gold bullion, it’s important for investors to be aware that gold price manipulation is a hot topic in the industry.

    In 2011, when gold hit what was then a record high, it dropped swiftly in just a few short years. This decline after three years of impressive gains led many in the gold sector to cry foul and point to manipulation. Early in 2015, 10 banks were hit in a US probe on precious metals manipulation. Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the Bank of Nova Scotia (NYSE:BNS) and other firms were involved in rigging gold and silver rates in the market from 2007 to 2013.

    Not long after, the long-running London gold fix was replaced by the LBMA gold price in a bid to increase gold price transparency. The twice-a-day process, operated by the ICE Benchmark Administration, still involves a variety of banks collaborating to set the gold price, but the system is now electronic.

    Still, manipulation has by no means been eradicated, as a 2020 fine on JPMorgan (NYSE:JPM) shows. The next year, chat logs were released in a spoofing trial for two former precious metals traders from the Bank of America’s (NYSE:BAC) Merrill Lynch unit. They show a trader bragging about how easy it is to manipulate the gold price.

    Gold market participants have consistently spoken out about manipulation. In mid-2020, Chris Marcus, founder of Arcadia Economics and author of the book “The Big Silver Short,” said that when gold fell back below the US$2,000 mark after hitting close to US$2,070, he saw similarities to what happened with the gold price in 2011.

    Marcus has been following the gold and silver markets with a focus specifically on price manipulation for nearly a decade. His advice? “Trust your gut. I believe we’re witnessing the ultimate ’emperor’s really naked’ moment. This isn’t complex financial analysis. Sometimes I think of it as the greatest hypnotic thought experiment in history.”

    Investor takeaway

    While we have the answer to what the highest gold price ever is as of now, it remains to be seen how high gold can climb, and if the precious metal can reach as high as US$5,000, US$10,000 or even US$40,000.

    Even so, many market participants believe gold is a must have in any investment profile, and there is little doubt investors will continue to see gold price action making headlines this year and beyond.

    Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    For those new to copper investing, keeping track of copper prices can be confusing. Below is a look at the different metals exchanges that copper investors should know about.

    Copper traded on the London Metal Exchange (LME), or LME copper, is priced per metric ton (MT). COMEX copper, or contracts traded on the COMEX division, is priced per pound.

    Both markets provide valuable information for copper market followers and copper stock investors. Here’s a short overview of both LME copper and COMEX copper, and why it’s key for investors to know what they are.

    What is LME copper?

    LME copper refers to copper traded in London on the London Metal Exchange, on which options and futures contracts for industrial metals are traded. The term LME copper may refer to spot LME copper prices or prices for futures contracts on the London exchange.

    LME copper futures contracts may be set at up to three months with daily expiration dates, or between three and six months with weekly expiration dates. There are also longer contracts of up to 123 months.

    The exchange also publishes daily reference prices for LME copper and other metals that are used by market participants. Overall, the exchange is predominantly used to either hedge or take on price risk.

    LME copper contract prices are quoted in US dollars and are sold in lots of 25 metric tons. They can be settled via physical delivery between a network of LME-approved warehouses around the world. For this reason, LME copper may also refer to inventories of copper cathode in LME warehouses.

    In addition to acting as a futures trading exchange and providing reference prices, the LME acts as a physical market of last resort for producers and consumers of a number of metals, including copper.

    In other words, those in the copper industry may sell LME copper during oversupplied markets and draw on LME copper inventories in the event of a copper shortage.

    Some market watchers look to rising and falling inventory levels on the LME as an indicator of global supply and demand conditions. However, it’s important to note that physical delivery is the exception, rather than the norm.

    What is COMEX copper?

    COMEX copper is copper traded on the CME Group’s (NASDAQ:CME) Commodity Exchange, abbreviated as the COMEX. The term COMEX copper can refer to both spot copper prices on the COMEX and copper contracts traded on the exchange.

    Headquartered in New York, US, with offices all over the world, the COMEX is a commodities futures and options exchange similar to the LME. Both the NYMEX and the COMEX, which merged in 1994, are owned by CME Group.

    As mentioned above, copper contracts are priced per pound on the COMEX. Listed contracts are available during the current calendar month, the next 23 calendar months and any March, May, July, September or December within a 60 month period of the current month.

    Contracts are also block-trade eligible if the amounts are above minimum thresholds. These types of trades are privately negotiated and executed apart from the public market. They are only open to eligible contract participants as defined by the Commodity Exchange Act.

    Copper cathode must meet specific chemical and physical requirements in order to trade on the COMEX. COMEX copper futures are settled via physical delivery upon expiration, but COMEX E-Mini copper futures are cash settled.

    As with the LME, many banks, trading firms and commercial hedgers use COMEX copper for risk management purposes, and CME Group prides the COMEX on being a “global benchmark for copper prices” used by respected indexes such as the Bloomberg Commodity Index.

    The importance of commodities exchanges

    The LME and the COMEX are far from the only commodities exchanges on which copper is traded. The Shanghai Metal Exchange is another notable example, and with China being the largest consumer of refined copper at around 54 percent of global consumption, it is becoming increasingly important.

    Still, prices for LME copper and COMEX copper contracts, as well as information on inventory levels, can be a valuable piece of the puzzle for those making investment decisions in the copper space. For example, those investing in copper stocks may want to look at whether a company’s mining project is likely to be economic at current and/or forecasted copper prices.

    Securities Disclosure: I, Melissa Pistilli, hold no investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    The outlook for the graphite market is promising due to its usage in the battery industry and energy storage applications, as well as steel-making.

    With China dominating the natural graphite market, synthetic graphite is poised to capitalize on rising demand for graphite in the technologies.

    Understanding what synthetic graphite is and how it differs from natural graphite is important for investors, as each industry typically needs a specific type of graphite. Here’s a look at the synthetic graphite market and what it has to offer.

    In this article

      What is synthetic graphite?

      Synthetic graphite is an industrial material that is artificially made from hydrocarbon precursors. It is able to withstand high temperatures and corrosion.

      Those points make it a great option for highly specialized industries that need predictable results from carbon materials, such as metal fabrication, solar panels, electric vehicle batteries and grid-scale energy storage systems.

      What are the uses of synthetic graphite?

      Synthetic graphite uses cover a variety of applications, including energy storage applications and steel manufacturing, and its particular uses are dependent on its form.

      Synthetic graphite typically comes in two forms: electrodes and graphite blocks. The form of synthetic graphite directly determines which industries it will be used in.

      • Electrodes: Synthetic graphite electrodes are primarily created using petroleum coke as a precursor and are almost exclusively found in electric-arc furnaces — these furnaces are used for melting steel and iron, and producing ferroalloys.
      • Graphite blocks: Synthetic graphite blocks, or isotropic graphite, are primarily used for energy storage in the solar industry. These blocks are made using the same petroleum coke process as electrodes, but differ slightly in the structure of the coke used.
      • Secondary synthetic graphite: Secondary synthetic graphite is a by-product material of synthetic graphite production, and it is typically yielded as a powder. This by-product is considered a low-cost graphite material and some forms of it can compete with natural graphite in applications like brake linings and lubricants.
      • Primary synthetic graphite: Primary synthetic graphite is typically manufactured in powder form and used for high-end lithium-ion batteries. However, it is more expensive to produce and can cost the same amount as manufacturing an electrode. Unlike its secondary counterpart, primary synthetic graphite is not a by-product material.

      How is high-performance battery-grade synthetic graphite made?

      Battery-grade synthetic graphite is made from heat-treating at very high temperatures a blend of lower purity carbon-based raw materials with coal tar pitch, petroleum coke or oil. This creates a uniform carbon structure suited for high performance, long-lasting electric vehicle batteries.

      Is synthetic graphite better than natural graphite?

      As for how synthetic graphite compares to natural graphite, synthetic graphite is purer than natural graphite in terms of carbon content and tends to behave more predictably. This makes synthetic graphite a better option than natural for use in high-performance applications that require higher efficiency and reliability such as lithium-ion batteries for electric vehicles.

      On the flip side, as the process is energy intensive, synthetic graphite production can be significantly more expensive than that of natural graphite, and the environmental impact of synthetic graphite is worse as well.

      ‘Synthetic graphite anode production can be over four times more carbon intensive than natural graphite anode production, due to its use of energy and fossil fuels as a feedstock,’ according to Benchmark.

      These higher economic and environmental costs for producing synthetic graphite has led graphite end users to substitute natural graphite for synthetic graphite in battery anodes.

      How big is the synthetic graphite market?

      The global synthetic graphite market size is expected to come in at US$3.41 billion in 2025, according to Mordor Intelligence, and is projected to growing at a CAGR of 6.83 percent to reach more than US$4.74 billion by 2030.

      In terms of overall graphite demand, Benchmark Mineral Intelligence expects to see a supply deficit from growth in the battery sector moving forward.

      As a whole, it appears graphite’s future is bright. However, synthetic graphite will still face somewhat of an uphill battle. For one, improvements in natural graphite purity are helping it enter the nuclear technology and high-end battery markets, which have typically been owned by synthetic graphite.

      Price will certainly continue to be a determining factor in the competition between natural and synthetic graphite. Data from S&P Global Market Intelligence shows that processing synthetic graphite is three times as energy intensive as processing natural graphite, which translates into higher costs for the artificial material.

      Going forward, higher synthetic graphite prices are expected, as are higher natural graphite prices, as demand rises and electric vehicle battery manufacturers vie for the limited supply outside of China.

      Synthetic graphite stocks

      The global synthetic graphite market is “partially consolidated” and dominated by a handful of major companies, according to a report by Mordor Intelligence. The top five players in this space are:

        Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

        This post appeared first on investingnews.com

        Tech giant Apple (NASDAQ:AAPL) released results for its first fiscal quarter of 2025 on Thursday (January 30), revealing a mixed performance marked by slight revenue beats and iPhone sales dips.

        Revenue came to US$124.3 billion, a 4 percent annual rise, narrowly surpassing analysts’ estimates of US$124.12 billion. Earnings per share hit US$2.40, up 10 percent from the previous year and above projections of US$2.35.

        iPhone sales reached US$69.1 billion, a slight decrease from the previous year and short of the estimated US$70 billion.

        AI challenges, iPhone sales weigh on Apple

        Apple’s trading patterns have been turbulent, mirroring the broader trend in the tech sector.

        Shares pulled back earlier this month after the company receiving ratings downgrades from Jefferies and Oppenheimer, but fared fairly well on Monday (January 27), when the DeepSeek selloff affected markets.

        Apple is up about 6 percent for the week, while its peer NVIDIA (NASDAQ:NVDA) is recovering from heavy losses.

        “Apple obviously is taking a little bit more of an asset-light approach to artificial intelligence (AI), so they are not spending the capex and building the AI infrastructure like some of the other large internet companies are,” Barclays (NYSE:BCS,LSE:BARC) Managing Director Tim Long told CNBC’s Squawk Box.

        Long added that Barclays analysts anticipated a “little bit of a reboot in strategy over the next year for AI offerings,” noting Apple Intelligence’s lack of success since its debut in June 2024.

        Apple’s failure to impress users with its AI is coinciding with increased competition, particularly in China, where local brands are leveraging the company’s delayed AI rollout to gain market share, integrating AI into their newer models.

        A January 13 report from Counterpoint Research shows that Chinese smartphone brands gained market share in 2024, while Apple’s iPhone 16 sales were mixed due to the lack of Apple Intelligence at launch.

        The company has also been unable to lift a ban on the iPhone 16 in Indonesia, although Bloomberg reported last week that the company may be close to a deal to resolve the issue. Looking ahead, Apple plans to continue its global rollout of Apple Intelligence and expects revenue to grow in the low to mid-single digits in Q1.

        Apple’s share price closed Thursday around 0.4 percent below its opening price, dropping off in the final hour of trading. After an initial fall after hours, Apple was up nearly 3.5 percent at the time of this writing.

        Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

        This post appeared first on investingnews.com

        Khamis and Ahmad Imarah knew they wouldn’t find much more than rubble when returning to their home in northern Gaza. But they had to go. Their father and brother are still buried under the debris, more than a year after their home was struck by Israeli forces.

        “I don’t want anything else. What I am asking for is to find my father and brother and that’s it, that’s all.”

        The Gaza Government Office said Wednesday that some 500,000 displaced Palestinians — almost a quarter of the enclave’s population — had made the journey to the decimated north in the first 72 hours after Israeli forces opened the Netzarim corridor, which separates it from the south.

        The two Imarah brothers walked 11 kilometers (6.8 miles) to reach Al-Shujaiya, a treacherous journey they made with several small children. They found their home almost completely gone, with just one room still partially standing.

        Rummaging through the rubble, Khamis came across his mother’s green knitting bag, with a couple of balls of yarn and two crochet hooks still inside, as if she had only just put it down.

        Khamis and Ahmad’s mother was injured in an Israeli strike and was later evacuated to Egypt, one of the few Palestinians allowed to leave the strip to get medical treatment before Israel closed the Rafah crossing between Gaza and Egypt in May 2024. The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said that only 436 patients, most of them children, had been allowed to be evacuated since May, out of the estimated 12,000 who urgently need medical evacuation.

        Israeli military strikes have turned most of Gaza to rubble. According to the UN, some 69% of all structures in the strip have been destroyed or damaged in the past 15 months, with Gaza City the worst hit.

        Returning after more than a year

        Israel forced most residents of northern Gaza to leave the area early in the war, issuing evacuation orders and telling people to move south. Once people left, return was impossible, meaning that most of those coming back this week are doing so for the first time in more than a year. And while nine in 10 Gaza residents have been displaced during the war, those forced to flee the north have been homeless for the longest.

        “You enter from one neighborhood to another and it’s all mounds of rubble that have not been cleared … and there were martyrs on the way, on the road where, until today, no one has picked them up. There are fresh bodies and bodies that have (decomposed) as well,” Khamis said.

        He urged others looking to make the journey back north to reconsider. “Because there is no water, no electricity or even food, no tents, you sleep in the rubble,” he said.

        Mohammad Salha, director of Al-Awda Hospital in Tal Al-Zaatar, said there is currently no space in northern Gaza to establish camps for displaced people returning home. The area was densely built-up before the war and the enormous scale of damage means there are now huge mountains of rubble and debris everywhere.

        The situation in the north is so dire that some of those who have made the journey have had little choice but to turn back and return to the refugee camps down south.

        Arwa Al-Masri, who was displaced from Beit Hanoun in the northeastern corner of the strip, said the men from her family went home in the past few days to see what is left of their houses.

        But while she and her children cannot yet go back to her home in the north — or what remains of it — Al-Masri’s stay at the shelter is also uncertain, because of impending bans on UNRWA operations within Israel and on the prohibition of Israeli authorities from cooperating with UNRWA.

        ‘No one is left’

        Discovering that the place they once called home was almost completely gone was just the latest in a series of heartbreaks Khamis and Ahmad Imarah have suffered over the past 15 months.

        The two brothers said that of the 60 members of their extended family, only 11 have survived the war.

        The family fled Al-Shujaiya after receiving text messages from the Israeli military telling them to leave the area. Khamis said the whole family — his brother and sisters and their in-laws — went to his brother’s house in Al-Mughraqa, just south of the Netzarim corridor.

        “It was afternoon prayers time when our house in Al-Mughraqa was hit by a strike. I still don’t know how I got out of the house,” he said.

        At one point during the interview, Ahmad’s son Walid came by. Asked by his father where his mom was, the child pointed up to the sky.

        “Why did they tell us to go south? Imagine a four-year-old boy telling you here is my mother and here is my aunt, (their bodies) all ripped in pieces in front of him. I covered his face and he was screaming. His aunts, and uncles, his grandfather and an uncle, no one is left,” he said.

        “We were very happy. I wish I had a picture of my newborn but I don’t have any. I waited a long time to have my daughter and then her and her mom vanished together,” he said, adding that their graves were destroyed by the Israeli military just days after the family buried them.

        “You take them and bury them in the cemetery and then when you go a few days later to see the cemetery, you don’t find them because they have been erased by the bulldozers. The (Israeli forces) didn’t leave anything. Even the martyrs and the bodies they have dug up. They didn’t leave a thing,” he said, looking around the destroyed neighborhood.

        “We came back to the north for nothing,” he said. But he quickly added that he was determined to stay and rebuild. “I am from Gaza and I won’t leave. Even if it was harder and more difficult than this, I want to live in Gaza and I won’t leave it. I will only leave Gaza to go to Heaven,” he said.

        US President Donald Trump last week suggested Gaza should be “cleaned out” by removing Palestinians living there to Jordan and Egypt — either on a temporary or permanent basis.

        The comment sparked outrage and rebuke across the Middle East, with both Egypt and Jordan rejecting the idea.

        “This is ingrained in our minds, we will stay. We will not leave this place, because this land is not ours but our grandparents’ and our ancestors’ before us. How am I supposed to leave it? To leave the house of my father, and grandfather and brothers?” he said.

        This post appeared first on cnn.com

        Secretary of State Marco Rubio embarks soon on his inaugural trip as the United States’ top diplomat. His first stop, Panama could prove to be the most contentious on the itinerary following President Donald Trump’s repeated demands for control of the Panama Canal.

        “Panamanian sovereignty over the canal is clear. There is no discussion on this issue. The soul of a country is not up for discussion,” Panama President José Raúl Mulino emphasized on Thursday, just days ahead of his scheduled meeting with Rubio.

        Yet the Trump administration doesn’t seem to be letting this go. In his inauguration speech, Trump mentioned Panama six times, more than any other foreign country. He and Republican allies are increasingly painting a dark scenario where the Panama Canal has secretly fallen under Chinese military control – arguing that’s why the US needs to seize the canal back from Beijing’s clutches.

        “A foreign power today possesses, through their companies, which we know are not independent, the ability to turn the canal into a choke point in a moment of conflict,” Rubio himself insisted during his Senate confirmation hearings this month.

        “That is a direct threat to the national interest and security of the United States,” he added.

        As ominous as it all sounds, the reality is not so straight forward. Here is a fact check about claims Trump’s administration has made about the Panama Canal.

        Is the Panama Canal under Chinese control?

        Trump has long complained about the “bad deal” Jimmy Carter made when he returned the canal to Panama in 1977. But he’s been ratcheting up the rhetoric and falsehoods from the very start of his second term.

        “Panama’s promise to us has been broken,” Trump said during his inaugural speech. “Above all China is operating the Panama Canal and we didn’t give it to China, we gave it to Panama and we are taking it back!”

        On his Truth Social network, Trump has also claimed – without proof – that Chinese soldiers have been deployed to the canal and that “Panama is, with great speed attempting to take down the 64% of signs which are written in Chinese. They are all over the Zone.”

        But the “Zone” – a former American enclave bordering the canal – hasn’t existed since 1979.

        And if the scenario Trump describes sounds like the plot of a movie, well, it was. In the 2001 movie “The Tailor of Panama,” which starred Pierce Brosnan and Geoffrey Rush, the US invades Panama after receiving bogus intelligence that China is trying to secretly buy the canal.

        In reality, since 2000 the canal has been operated by the Panama Canal Authority, whose administrator, deputy administrator and 11-member board are selected by Panama’s government but operate independently.

        The majority of the canal’s employees are Panamanians and Panama designates which companies are awarded the contracts to run the ports near the canal. Ships transiting the 50-mile-long canal are required to be piloted by local captains that work for the Canal Authority.

        While there is real concern about increased Chinese investment in Latin America, Panama included, to date there is no evidence of Chinese military activity in Panama. At his press conference on Thursday, Mulino said the US government has yet to provide his administration with any proof they had gathered of Chinese control of the canal.

        So what does Rubio mean by ‘a foreign power’ in the Panama Canal?

        The Trump administration seems to be pointing to the fact that Panama Ports – part of a subsidiary of the Hong Kong-based conglomerate CK Hutchison Holdings – operates terminals on the Atlantic and Pacific sides of the canal. So do several other companies.

        Hutchinson was first granted the concession over the two ports in 1997 when Panama and the US jointly administered the canal. That same year, control of Hong Kong – where Hutchinson is based – was transferred from the United Kingdom to China.

        While falling under Beijing’s sphere of influence, Hutchison is hardly some murky Chinese military front company. It’s publicly traded, not known to be on any US blacklists and their subsidiary Hutchinson Ports is one of the world’s largest port operators, overseeing 53 ports in 24 countries, including for other US allies such as the UK, Australia and Canada.

        Crucially, Hutchison does not control access to the Panama Canal. Workers at their two ports only load and unload containers onto ships and supply them with fuel. And they’re not the only ones – three other ports in the vicinity of the canal are operated by competing companies providing similar services.

        Since Trump’s comments, Panama’s government has announced an audit of the Hutchison-owned Panama Ports. The company says it is complying fully and has even invited Rubio to visit its ports.

        The State Department would not comment if Rubio planned to accept the invitation to visit what the Trump administration has described – incorrectly — as a de facto Chinese military outpost in Panama.

        Under the 1977 treaty with Panama, the US returned the canal with the understanding that the waterway remain neutral.

        According to the agreement, the US could intervene militarily if the canal’s operations were disrupted by internal conflict or a foreign power. This seems to be what Trump is referencing when he threatens to “take the canal back.”

        But it would be hard to argue that the waterway’s operations are disrupted or endangered. Following the expansion of the canal, which began in 2007 and Panama financed at a cost of more than $5 billion, more cargo than ever runs through the canal than it did during the years of US administration.

        A US occupation of the canal would fly in the face of international law and the treaty the US agreed to.

        Ok, but theoretically what would happen if the US tried to take the Panama Canal?

        Since the 1989 US invasion that deposed dictator Manuel Noriega, Panama does not have an army but Panamanians are fiercely protective of the canal which is central to their national identity. And despite the saber rattling coming from the Trump administration, attempting to force the issue would pose major complications for two other top US priorities: migration and the economy.

        The canal isn’t the only critical passageway that Panama controls. Threatening Panama militarily could throw open the Darien Gap, the jungle crossing where hundreds of thousands of migrants make their way north from South America to the US.

        Mulino had promised to close the gap to northbound migrants with Trump’s help – but don’t count on him honoring old commitments if US boots touch Panamanian soil.

        Americans would also feel the heat. At least 25,000 US citizens live in Panama who would likely be placed in harm’s way by any US military action to seize the canal. Disruption of the canal’s operations would likely send prices of US goods from automobiles to sneakers soaring – about 40% of US container traffic passes through the waterway.

        And of course, backing out of a decades-old deal and trying to wrest the canal back by force from an ally would be a propaganda goldmine for Russia and China which have both called for maintaining neutrality in the canal.

        Any US military action would also further inflame tensions in Latin America where mass deportations have already tested Washington’s partnerships in the region.

        Trump’s dream of flying a US flag over the Panama Canal would come at a much higher cost than he appears to have calculated.

        This post appeared first on cnn.com

        When US President Donald Trump signed a recent executive order that would deny citizenship to the children of undocumented immigrants living in the United States, he took aim at what he suggested was a peculiarly American principle: Birthright citizenship.

        “It’s ridiculous. We are the only country in the world that does this with the birthright, as you know, and it’s just absolutely ridiculous,” said the 47th president of the United States as he questioned a principle that some of his opponents say lies at the very heart of what it means to be called an American. For more than 150 years, the 14th Amendment of the Constitution has granted automatic citizenship to any person born on US soil.

        As the courts moved to temporarily block his order, various media outlets pointed out that the president’s remarks were not entirely accurate. According to the Law Library of Congress, more than 30 countries across the world recognize birthright citizenship on an unrestricted basis – in which children born on their soil automatically acquire the right regardless of their parents’ immigration status.

        Still, presidential hyperbole aside, the data from the Law Library does seem to suggest there is something particularly American (both North and South) about the idea of unrestricted birthright citizenship, as the map below shows.

        Strikingly, nearly all of those countries recognizing unrestricted birthright citizenship are in the Western Hemisphere, in North, South, and Central America.

        The vast majority of countries in the rest of the world either do not recognize the jus soli (Latin for ‘right of soil’) principle on which unrestricted birthright citizenship is based or, if they do, do so only under certain circumstances – often involving the immigration status of the newborn child’s parents.

        So, how did the divide come about?

        Brits to blame?

        In North America, the ‘right of soil’ was introduced by the British via their colonies, according to “The Evolution of Citizenship” study by Graziella Bertocchi and Chiara Strozzi.

        The principle had been established in English law in the early 17th century by a ruling that anyone born in a place subject to the king of England was a “natural-born subject of England.”

        When the US declared independence, the idea endured and was used – ironically for the departing Brits – to keep out foreign influence, such as in the Constitution’s requirement that the president be a “natural-born citizen” of the US.

        Still, it was not until the 1820s that a movement led by Black Americans – whose citizenship was not explicitly guaranteed at the time – forced the country to think seriously about the issue, according to Martha Jones, a professor of history at Johns Hopkins University.

        “They land on birthright in part because the US Constitution of 1787 requires that the president of the United States be a natural-born citizen. So, they hypothesize that if there is such a thing as a natural-born citizen, they, just like the president, must be natural-born citizens of the United States.”

        The principle would be debated for decades until it was finally made law in 1868 after the Civil War, which resulted in the freedom of enslaved Black Americans, and formalized by the 14th Amendment, which states: “All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.”

        The economic incentive

        But it wasn’t just the Brits in North America. Other European colonial powers introduced the idea in countries across Central and South America, too.

        Driving the practice in many of these areas was an economic need. Populations in the Western Hemisphere were at the time much smaller than in other parts of the world that had been colonized and settlers often saw bestowing citizenship as a way to boost their labor forces.

        “You had these Europeans coming and saying: ‘This land is now our land, and we want more Europeans to come here and we want them to be citizens of these new countries.’ So, it’s a mixture of colonial domination and then the idea of these settler states they want to populate,” said sociologist John Skrentny, a professor at the University of California, San Diego.

        Later, just as the idea of ‘right of soil’ was turned against the Brits in North America, a similar reversal of fortunes took place in the European colonies to the south.

        In Latin America, many newly formed countries that had gained independence in the 19th century saw ‘right of soil’ citizenship as a way to build national identity and thus further break from their former colonial rulers, according to the study by Bertocchi and Strozzi.

        Without that principle, they reasoned, Spain could have claimed jurisdiction over people with Spanish ancestry who were born in former colonies like Argentina, said Bertocchi, a professor of economics at Universita’ di Modena e Reggio Emilia.

        Right of soil to right of blood

        So what about all those countries in other parts of the world that were also colonized by Europeans but today do not recognize the ‘right of soil’?

        Many of them – particularly those in Asia and Africa – also turned to citizenship laws to send their former rulers a message.

        However, in most cases these countries turned toward a different type of birthright citizenship that has its roots in European law: jus sanguinis (‘right of blood’), which is generally based on one’s ancestry, parentage, marriage or origins.

        In some cases, this system was transplanted to Africa by European powers that practiced it, Strozzi and Bertocchi wrote in their study. But in other cases newly independent countries adopted it on their own accord to build their nations on an ethnic and cultural basis.

        Doing so was a relatively easy change. As Skrentny points out, in many of these places the ‘right of soil’ had never become as ingrained as it had in the Americas, partly because their large native populations had meant the colonizers did not need to boost their workforces.

        Jettisoning the ‘right of soil’ sent a message to the former colonists that “they didn’t want to hear any more of it,” said Bertocchi, while embracing the ‘right of blood’ ensured descendants of colonizers who remained in Africa would not be considered citizens.

        “They all switched to jus sanguinis,” said Bertocchi. “It seems paradoxical, right? This time, to build a national identity, you needed to adopt this principle.”

        So long, jus soli

        There’s one final twist that helps explain why the ‘right of soil’ principle seems today to be a largely American affair.

        Over the years, the colonial powers that once followed the ‘right of soil’ have since moved either to abolish or restrict its use, much like some of their former colonies.

        In the UK, it was scrapped by the British Nationality Act of the 1980s, which put in place several conditions to qualify for British citizenship – including some that relate to parentage, as in jus sanguinis.

        Experts say the driving force for those changes – in Britain and elsewhere in Europe – was the concern that migrants could take advantage of the system by entering the country with the intent of giving birth to a child with automatic citizenship. In other words, the same concern being voiced by many of Trump’s supporters in today’s United States.

        This post appeared first on cnn.com

        Hamas announced on Friday that among the three Israeli hostages to be released from Gaza on Saturday are an American dual national and the father of the youngest hostages taken from Israel on October 7, 2023.

        It named three men – Keith Siegel, Yarden Bibas and Ofer Kalderon as the captives that would be freed in the latest round. The Israeli Prime Minister’s Office said their families had been informed.

        Siegel, an Israeli-American citizen, was taken from his home in kibbutz Kfar Aza. His wife Aviva, who was kidnapped alongside him, was released in November 2023 as part of the short-lived ceasefire deal between Israel and Hamas.

        Bibas was kidnapped from kibbutz Nir Oz alongside his wife Shiri and two sons Kfir and Ariel. Kfir was just nine months when he was abducted, the youngest hostage taken on October 7.

        Hamas claimed in November 2023 that Shiri, Kfir and Ariel Bibas were killed in an Israeli airstrike, and released a hostage video of Yarden Bibas in which he blamed Israeli Prime Minister Benjamin Netanyahu for their deaths. An Israeli military spokesperson at the time called the video “psychological terror,” and Israel never confirmed their deaths, but the military has told relatives that they may not be alive, according to a spokesperson for the Hostages and Missing Families Forum.

        Kalderon was 52 when he was kidnapped from kibbutz Nir Oz together with his son Erez, who was 11 at the time, and his daughter Sahar, who was 16. Erez and Sahar were also released during the November 2023 ceasefire.

        The Hostage and Missing Families Forum confirmed the names, and the Israeli Prime Minister’s Office said that the families of the hostages have been informed.

        Hamas and allied militant groups have released 10 Israeli and five Thai hostages since a ceasefire went into effect on January 19.

        Chaotic scenes surrounding the release of Israeli and Thai hostages in Gaza on Thursday brought condemnation from Israeli leaders and a temporary delay in the release of Palestinian prisoners, who were ultimately released later in the day. Netanyahu described those scenes as “shocking,” and demanded guarantees from those who mediated a ceasefire deal – Qatar, Egypt and the United States – that the incident would not be repeated.

        Hamas is expected to release another 23 hostages over the course of the 42-day truce, including the three set for freedom this Saturday. Eight of them are dead, the Israeli government has confirmed.

        In exchange, Israel is releasing hundreds of Palestinian prisoners, some of whom have been held without charge, and others who have been convicted of the most serious offenses – 30 for every civilian, 50 for every Israeli soldier, and 110 for the nine hostages who are injured or sick and are not soldiers.

        As of Friday, Hamas and its allies were still holding 79 people taken from Israel on October 7, 2023, and three additional hostages who have been held captive since 2014.

        Bibas family in the spotlight

        The Bibas family, and Kfir in particular, have become one of the most recognizable victims of the October 7 terror attacks.

        Kfir’s picture has been featured on many of the posters calling for the release of the hostages that have been on display across Israel and the world for the past 15 months. In it, the red-haired baby boy is holding a pink elephant toy, looking directly into the camera with a toothless smile.

        The two boys and their mother were not released from Gaza during the temporary truce in late November 2023, when many women and children were released.

        Shiri Bibas is one of four Israeli women still held in Gaza. The other three — Judi Weinstein Haggai, 70, Inbar Hayman, 27, and Ofra Keidar, 70 — are believed to be dead, according to the Israeli military. Kfir and Ariel Bibas are the the last remaining children in captivity.

        Both Siegel and Kalderon were kidnapped alongside some of their family members, several of whom have been released in November 2023 as part of the short-lived ceasefire deal. Their testimonies have provided a glimpse into the horrific realities faced by the hostages.

        Aviva Siegel said that while they were held captive together, Keith would ask everyone to identify one thing they were thankful for. “Imagine being in the depths of hell and still trying to find one thing each day that you are thankful for,” she said, according to the Hostages and Missing Families Forum.

        Siegel’s mother, Gladys Ruth Siegel, died in December aged 97, the family said.

        Kalderon has been described by his family as a keen cyclist and expert carpenter, and a man who enjoys music and field trips with his children.

        Eugenia Yosef and Dana Karni contributed to this report.

        This post appeared first on cnn.com