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US President Donald Trump announced a sweeping round of tariffs on Wednesday (April 2). The tariffs included 10 percent to most countries along with more specific import fees directed at specific countries in an attempt to balance trade deficits.

Canada and Mexico were spared under the USMCA deal signed by Trump in 2019, with the exception of non-USMCA-compliant vehicles, which were subject to a 25 percent tariff. This sparked a similar 25 percent retaliatory tariff from Canada.

The uncertainty over the application of tariffs caused some automakers, like Ford (NYSE:F) and Stellantis (NYSE:STLA), to announce family pricing to encourage consumers to make purchases before car prices rise. Stellantis also halted production at plants in Canada and Mexico and temporarily laid off 900 workers.

Statistics Canada released its March jobs report on Friday (April 4). Its data showed that Canada’s labor market lost 33,000 jobs during the month.

The most significant decline occurred in wholesale and retail trade, which shed 29,000 jobs, followed by information, culture and recreation, which dropped by 20,000. Meanwhile, personal and repair services added 12,000 new positions, while utilities gained 4,200 workers. Overall, the unemployment rate climbed 0.1 percent to 6.7 percent.

South of the border, the US Bureau of Labor Statistics announced a significant increase in the non-farm payroll in March.

The report indicated that the US added 228,000 jobs to the economy, significantly higher than the 117,000 jobs added in February and the 140,000 expected by economists.

The largest gains in employment occurred in the healthcare sector, which added 54,000 new jobs, while both the social assistance and retail sectors contributed 24,000 jobs each.

The report also indicated a further decline of 4,000 jobs in the federal government, following a loss of 11,000 in February. Mass layoffs of federal employees by the Elon Musk’s DOGE are not yet fully reflected in the jobs data. Many of the over 280,000 employees whose jobs are being cut are currently on administrative leave or accepted severance deals, Bloomberg reports, meaning the bureau still counts them as employed.

The unemployment rate and participation rate held steady at 4.2 and 62.5 percent respectively.

Markets and commodities react

Global equity markets were in steep decline following the Trump administration’s tariff announcements on Wednesday.

In Canada, The S&P/TSX Composite Index (INDEXTSI:OSPTX) fell 5.67 percent during the week to close at 23,277.79 on Friday, the S&P/TSX Venture Composite Index (INDEXTSI:JX) decreased 8.31 percent to 575.91 and the CSE Composite Index (CSE:CSECOMP) dropped 9.23 percent to 108.95.

US equity markets did not fare any better, with the S&P 500 (INDEXSP:INX) losing 8.21 percent to close at 5,074.09, the Nasdaq 100 (INDEXNASDAQ:NDX) dropping 7.36 percent to 17,570.21 and the Dow Jones Industrial Average (INDEXDJX:.DJI) shedding 7.41 percent to 38,314.85.

Precious metals also closed the week in the red. Although the gold price briefly hitting a new high of US$3,167.71 per ounce on Wednesday, it plunged on Friday to close the week down 1.56 percent at US$3,038.04. The silver price declined sharply, losing 12.92 percent during the period to US$29.69.

In base metals, the COMEX copper price plunged 14.17 percent over the week to US$4.42 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) lost 6.75 percent to close at 522.69.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop? We break down this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Euro Manganese (TSXV:EMN)

Weekly gain: 81.82 percent
Market cap: C$40.27 million
Share price: C$0.50

Euro Manganese is a manganese development company working to advance its Chvaletice waste recycling project. The operation is focused on extracting manganese from tailings that are part of a decommissioned mine site near Prague, Czechia. As part of the project’s scope, the company says it will carry out remediation and reclamation work to bring the site into compliance with environmental regulations.

A 2022 feasibility study for the Chvaletice project indicates that it will produce 48,000 metric tons of manganese per year and is expected to have a project life of 25 years. In the study, the company reports a post-tax net present value of US$1.3 billion with an internal rate of return of 22 percent and a payback period of 4 years.

The latest project news was announced on March 25, when Euro revealed that Chvaletice had been designated a strategic project under the European Union’s Critical Raw Materials Act. According to the terms of the act, the project will gain access to both private and public funding opportunities, as well as a more streamlined permitting process.

Shares in Euro experienced significant gains this week after the company announced on March 30 that it would proceed with a share consolidation at a ratio of five to one. The consolidation occurred on Monday (March 31), reducing the number of common shares to 80.53 million from 402.67 million, and post-consolidation shares began trading on April 2.

The company also announced on April 1 that it would be upsizing a financing round up to C$11.2 million and would include a C$3 million private placement with former Sprott (TSX:SII,NYSE:SII) Chairman Eric Sprott. Proceeds generated from the financing will be used to support development at Chvaletice.

2. DLP Resources (TSXV:DLP)

Weekly gain: 60 percent
Market cap: C$61.08 million
Share price: C$0.44

DLP Resources is a mineral exploration company focused on advancing its flagship Aurora copper-molybdenum project in Peru.

The 8,500 hectare site is located in the Central Andes. Exploration work has been performed at the site since the early 2000s, with DLP conducting drill programs in 2023 and 2024.

Shares in DLP have been rising since the release of a technical report for Aurora on February 27, which included a maiden mineral resource estimate with significant copper and molybdenum spread over two zones.

The inferred resource totals 1.05 billion metric tons of ore containing 4.65 billion pounds of copper, 1.1 billion pounds of molybdenum and 80 million ounces of silver. The resource has average grades of 0.2 percent copper, 0.05 percent molybdenum and 2.4 grams per metric ton silver.

The company said it is pleased with the size and results of the report and will continue drilling the site to upgrade the resource ahead of a preliminary economic assessment.

DLP shares also got a boost this week after it released its Management’s Discussion and Analysis for the nine months ending January 31 on Tuesday. In the release, the company discussed its activity for the three-quarter period highlighting its recent mineral resource estimate as well as the completion of a non-brokered private placement in January for proceeds of C$1.36 million.

3. Noram Lithium (TSXV:NRM)

Weekly gain: 35 percent
Market cap: C$12.08 million
Share price: C$0.135

Noram Lithium is a lithium exploration and development company focused on the advancement of its Zeus lithium project in Nevada, US. The property, located near Clayton Valley, comprises 146 placer and 136 lode claims covering 1,133 hectares in a region with existing lithium brine operations since 1967. Noram has been exploring the site since 2016.

Its most recent update came on June 11, when the company released an updated mineral resource estimate, reporting an indicated resource of 564 million metric tons (MT) at a concentration of 956 parts per million (ppm), resulting in 2.9 million MT of contained lithium carbonate equivalent. Zeus’ inferred resource stands at 1.3 million MT of contained lithium carbonate equivalent from 287 million MT grading 861 ppm lithium.

Shares in Noram rose this week, but the company did not publish any news.

4. Maple Gold Mines (TSXV:MGM)

Weekly gain: 31.82 percent
Market cap: C$34.11 million
Share price: C$0.07

Maple Gold Mines is a gold exploration company focused on the advancement of its Douay and Joutel projects located in the Abitibi Greenstone Belt in Québec, Canada.

The Douay project covers an area of 357 square kilometers. In a 2022 technical report, the company said the site hosts an indicated resource of 511,000 ounces of gold from 10 million metric tons with an average grade of 1.59 grams per metric ton (g/t) gold, with an additional inferred resource of 2.53 million ounces from 76.7 million metric tons at 1.02 g/t.

The Joutel project covers an area of 39 square kilometers and is located directly south of Douay. The site hosts Agnico Eagle’s (TSX:AEM,NYSE:AEM) past-producing Eagle-Telbel gold mine, which operated from 1974 to 1993. To date, the company has used 250,000 meters of historic drill results to create 3D models to aid in current exploration efforts.

The most recent news from the project came on Thursday when Maple announced recent exploration at Douay’s Nika zone produced a broad mineralized interval of 2.05 g/t gold over 108.6 meters, which included an intersection of 4.93 g/t over 17 meters, from a vertical depth of 490 meters.

The company said the results build on previously identified mineralization from shallower depths and defines a new high-grade, bulk-tonnage target that remains open in multiple directions.

5. Stillwater Critical Minerals (TSXV:PGE)

Weekly gain: 25 percent
Market cap: C$38.43 million
Share price: C$0.15

Stillwater Critical Minerals is an exploration company focused on advancing its flagship Stillwater West project in Montana, United States.

The brownfield project hosts several multi-kilometer exploration targets with known mineralization deposits of nickel, copper, cobalt, platinum group metals and gold.

A mineral resource estimate included in a January 2023 technical report demonstrated an inferred estimate of 1.05 million pounds of nickel, 499 million pounds of copper, 91 million pounds of cobalt, and a combined 3.811 million ounces of platinum group metals and gold from 254.8 million metric tons of ore with a nickel equivalent cut-off grade of 0.2 percent.

The most recent news from the project came on March 26 when Stillwater reported it had identified multiple large-scale targets from its 2024 geophysical survey. The company said the survey improved the resolution of known targets while identifying unknown targets occurring near surface to a depth of 1.5 kilometers.

Shares have also been bolstered by the recent executive order from President Trump that will help to speed up project permitting for critical mineral projects.

In an announcement on March 24, Stillwater President and CEO Michael Rowley commented, “The order also makes a point of listing copper and gold. This is very relevant to Stillwater because we have a very large polymetallic resource that positions us with a substantial copper inventory and the largest nickel project in an active US mining district.”

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

A British woman was found guilty Friday of breaching a buffer zone outside a UK abortion clinic, in a case that attracted concern from the Trump administration over “freedom of expression” in the country.

Livia Tossici-Bolt, 64, from Bournemouth, a town on the southern English coast, was convicted of two charges of breaching the Public Spaces Protection Order (PSPO), legislation prohibiting protests near abortion services, on two days in March 2023.

Tossici-Bolt, an anti-abortion campaigner and retired medical scientist, held a sign outside a Bournemouth abortion clinic reading, “Here to talk, if you want.”

District judge Orla Austin told Poole Magistrates’ Court that Tossici-Bolt “lacks insight that her presence could have a detrimental effect on the women attending the clinic, their associates, staff and members of the public,” British news agency PA Media reported.

The judge added that “although it’s accepted this defendant held pro-life views, it’s important to note this case is not about the rights and wrongs about abortion but about whether the defendant was in breach of the PSPO (Public Spaces Protection Order).”

Tossici-Bolt’s case attracted attention from the US State Department at a time when Washington has voiced concerns over free speech in the UK and other European countries.

“U.S.-UK relations share a mutual respect for human rights and fundamental freedoms. However, as Vice President Vance has said, we are concerned about freedom of expression in the United Kingdom,” America’s Bureau of Democracy, Human Rights & Labour (DRL), a bureau of the US State Department, wrote on X on Sunday, ahead of the ruling.

The DRL added that one of its advisers had met with Tossici-Bolt, and that it was “monitoring” her case.

US Vice-President JD Vance has previously criticized UK policies including safe access zones around abortion clinics, saying they restrict freedom of speech. During a speech at the Munich Security Conference in February, Vance cited the example of a man arrested for praying near an abortion clinic.

“In Britain and across Europe, free speech, I fear, is in retreat,” he told the conference.

The UK government has pushed back at Vance’s suggestion, denying that the issue could jeopardize efforts to strike a trade deal with an administration that has imposed sweeping tariffs.

“The (prime minister) has been clear, including during his visit to the White House … that the UK has had free speech in this country for a long time and we are proud of that,” UK PM Keir Starmer’s spokesperson, Jonathan Reynolds, said on Tuesday.

Britian introduced safe access buffer zones around abortion clinics in the UK on October 31. The law applies within a 150-meter radius of the abortion service provider.

“The right to access abortion services is a fundamental right for women in this country, and no one should feel unsafe when they seek to access this,” the UK’s safeguarding minister, Jess Phillips, said at the time.

This post appeared first on cnn.com

The White House is showing its true colors on Ukraine.

While imposing biting trade tariffs on 185 countries this week, the Trump administration quietly lifted travel sanctions on one of Vladimir Putin’s closest advisers so he could come to Washington for talks.

Kirill Dmitriev is the Russian president’s money man as head of the country’s sovereign wealth fund. He was making the first visit by a Russian official to the US capital since Putin’s invasion of Ukraine three years ago.

This was the latest sign that President Donald Trump dreams of a new US business relationship with Russia — even as he launches a trade war against the wealthier and more diverse economies of US allies.

But the visit was not the only tell about Trump’s position this week.

The president also laid into Zelensky, accusing him of sabotaging the latest draft of a long-delayed agreement that would give the US access to Ukraine’s rare earth minerals. This is a “deal” that no Ukrainian president could ever agree to. Its new iteration would give the US veto power over a new board that would decide how the assets are exploited. It also states that Ukraine would not benefit from any revenues until US recoups all its assistance to the war effort — a figure that Trump — vastly inflating the truth – says is north of $350 billion.

These draconian conditions show an attempt to plunder Ukraine’s resources and to force the war’s violated victim to pay a form of reparations to a third party — the United States.

All of this is unfolding as Trump’s attempt to end the war — which he once insisted he could do in 24 hours — is foundering. Two supposed breakthroughs touted by the White House, a halt to attacks on energy installations and a maritime ceasefire in the Black Sea, are stalled. And Russia’s new demands on regaining access to international banking and trade would need buy-in from America’s skeptical allies in Europe.

But US concessions keep coming. The temporary lifting of Dmitriev’s pariah status is just the latest.

“With the Trump administration, we are now in the realm of thinking about what is possible,” Dmitriev said.

US media got excited last weekend when Trump offered rare criticism of Putin, telling NBC he was “pissed off” that he’d questioned Zelensky’s legitimacy. Less notice was taken when Trump smoothed over hard feelings while telling reporters on Air Force One that he believed Putin wanted peace. “I don’t think he is going to back on his word,” he said, adding: “I’ve known him for a long time.”

But it’s becoming obvious that Trump doesn’t know Putin as well as he thinks he does. Frantic and futile administration diplomacy on Ukraine has made clear that the Russian leader is doing what Moscow always does, talking and fighting at the same time and dragging out the peace process, such as it is, to further Russia’s position on the battlefield.

“For a war to end, at least one of the parties must change their war aims,” said Hein Goemans, a professor of political science at the University of Rochester and a specialist in end-stage conflicts. “Russia hasn’t really changed its war aims,” Goemans said, following an initial reassessment when its blitzkrieg failed to take Kyiv and topple Zelensky.

Then as now, Putin wants to lock in control of captured eastern regions, to crush Ukraine’s aspirations of assimilating with the west, and to oust Zelensky and install a pro-Moscow leader. Putin’s warnings that the “root causes” of the war must be addressed is also code for a NATO pullback in Eastern Europe.

Perceptions that Putin doesn’t want to end the war anytime soon were bolstered this week when he called up another 160,000 men. And the US military’s top commander in Europe Gen. Christopher Cavoli called Russia a “chronic threat” and “growing threat, one that is willing to use military force to achieve its geopolitical goals.”

The most charitable interpretation of the White House position is that it hasn’t yet twigged about these vital dynamics in the peace talks. A darker one is that it has, doesn’t really care, and wants to embrace Putin anyway.

This post appeared first on cnn.com

Prince Andrew’s links to an alleged Chinese spy were detailed in documents released Friday by British courts, which included a statement from a former close aide to the prince about the duke’s line of communication to China’s president Xi Jinping.

The 10-page statement from Dominique Hampshire in May of 2024 was part of a tranche of documents released by the courts following a request from numerous British media organizations regarding Prince Andrew’s relationship to the alleged spy, Yang Tengbo. The documents are part of Yang’s appeal of his exclusion from the UK in December, which he lost.

Yang reportedly forged a close relationship with the prince and was the co-founder of Pitch@Palace China, which expanded the duke’s Pitch@Palace initiative into China.

In a tribunal hearing in December that upheld the earlier decision to bar Yang from the UK, it was revealed that Yang was authorized to act on Prince Andrew’s behalf during business meetings with potential Chinese investors in the UK.

Former Home Secretary Suella Braverman told parliament in December she took the decision to ban Yang from the UK “because his presence posed a threat to our national security” and was “based on the advice of MI5,” the UK’s domestic security agency.

Yang has denied any wrongdoing.

Hampshire also said Yang helped Prince Andrew draft letters to Xi discussing the Eurasia Fund, something Yang had described in his written evidence to the tribunal as a way to “upgrade” the duke’s Pitch@Palace initiative “into an investment-type business, or a fund.” He was also tasked with talking to “relevant people” in China, per British press agency PA.

“The royal household, including the late queen, were fully aware of this communication – it was certainly accepted and it may be fair to say it was even encouraged – it was an open channel of communication that was useful to have,” Hampshire said in the statement.

Hampshire said he met twice with Prince Andrew and King Charles over the six months prior to giving his witness statement to discuss “what the duke can do moving forwards in a way that is acceptable to His Majesty.” Those talks included discussing the Eurasia Fund, according to PA.

Buckingham Palace said Friday that King Charles has met with Prince Andrew together with Hampshire over the past year to discuss proposals for independent funding, but Yang was never mentioned.

The relationship between the prince and Yang came about shortly after the duke’s disastrous 2019 BBC interview on his relationship with late sex offender Jeffrey Epstein, which Hampshire said led to his belief that the prince’s reputation was “irrecoverable.”

“This was a common feeling within the royal household, despite what the duke thought may happen. It was very clear internally within the royal household that we would have to look at options for the duke’s future away from royal duties,” Hampshire said in his witness statement, according to British news agency PA.

According to PA, Hampshire also said he never saw a “red flag” with Yang (who also went by the name Chris), and emphasized Yang “categorically does not have a close relationship with the duke.”

“Chris, of course, doesn’t have the duke’s telephone number or his email address and does not have the ability to talk directly to the duke on his own – ever. This is normal practice and Chris’s relationship with the duke is the same as numerous others,” he said, according to PA.

He also said Andrew “fully complied” with advice to end all contact with Yang.

Hampshire said in a separate statement on Friday that he left the royal household in 2022 and no longer provides advice to Andrew, according to PA.

This post appeared first on cnn.com

A Russian missile strike on the Ukrainian president’s hometown of Kryvyi Rih on Friday killed at least 16 people, including six children, according to Ukrainian authorities. The strike also injured over 50 people.

Ukrainian President Volodymyr Zelensky offered his condolences to the families of those killed and injured in his nightly address soon afterward.

“Many injured, houses damaged. The missile actually hit the area next to residential buildings – a children’s playground, ordinary streets,” Zelensky said.

Russia also targeted a power plant in Kherson with a drone on Friday, Zelensky said.

“Such strikes cannot be a coincidence – Russians know that this is an energy facility,” Zelensky said. “These types of facilities must be protected from any attacks, as per the promises Russia made to the American side.”

In a statement on Telegram, the Russian ministry of defense claimed the strike had targeted a meeting between Ukrainian and Western officers, describing it as “a high-precision strike… with a high-explosive missile on the site of a meeting with unit commanders and Western instructors in one of the restaurants in the city of Kryvyi Rih.”

“As a result of the strike, the enemy lost up to 85 servicemen and officers of foreign countries, as well as up to 20 vehicles,” the post claimed.

This is a developing story and will be updated.

This post appeared first on cnn.com

The Chinese military officials in brown uniforms fan out around rows of young trees, shoveling soil into freshly dug pits. The camera pans to the most senior leaders one by one, in order of rank. But one prominent face is conspicuously absent.

The news segment, aired Wednesday night on China’s state broadcaster, features a tree-planting event in the outskirts of the capital Beijing – an annual springtime tradition for the country’s military leadership spanning more than four decades.

But Gen. He Weidong, the second-highest-ranking uniformed officer in the People’s Liberation Army, was nowhere to be seen. Nor was he named as a participant in a report by the official state news agency.

Gen. He’s absence from the high-profile event has fueled ongoing speculation that the second-ranking vice chairman of the powerful Central Military Commission (CMC) may have become the latest – and most senior – casualty in leader Xi Jinping’s purge of the military’s top ranks.

As Xi’s No.2 general, He shares a long-standing relationship with the Chinese leader, dating back decades to the early days of their careers in the coastal province of Fujian.

Rumors about an investigation against He first surfaced among the Chinese dissident community following China’s annual political meetings last month. The 67-year-old hasn’t appeared in public for three weeks since the closing ceremony of the country’s rubber-stamp legislature on March 11.

The Chinese government has offered little in the way of clearing the air.

When asked about He’s situation at a news briefing on March 27, Defense Ministry spokesperson Wu Qian said: “There is no information on this matter, and we are not aware of the situation.”

It is now unclear what has happened to He, who also sits on the Communist Party’s 24-member Politburo.

Three weeks out of the public eye is not unheard of for a top general without a public-facing role and there is always a chance he resurfaces. But his no-show at a well-choreographed annual propaganda event stands out in a political system deeply attuned to the importance of symbolism.

“Clearly the absence of one CMC vice chair is important symbolically,” said James Char, a longtime PLA expert and assistant professor at the S. Rajaratnam School of International Studies in Singapore.

Similar to the Communist Party Congresses and annual “two sessions” political gatherings, “it’s important for all the major figures that the rest of the world know of to show up to be in the same picture, because it helps to demonstrate the power and – more importantly – the unity of the party,” Char said.

Reading the “tree leaves”

In the opaque world of Chinese politics, observers have long leaned on arcane signals of Communist Party traditions and protocol to interpret what is going on behind the scenes. The discipline, known as “tea-leaf reading,” has become more relevant than ever in Xi’s era as he centralizes power into his own hands and makes the decision-making process even more obscure.

And now, some experts are scouring this week’s events for clues on the fate of one of Xi’s top generals.

The annual ritual began as part of a nationwide tree-planting campaign launched by late paramount leader Deng Xiaoping in late 1981, following devastating floods he blamed on rampant deforestation. It was billed as a patriotic, selfless undertaking in “greening the motherland, building socialism and benefiting future generations.”

The following spring, Deng, then chairman of the CMC, planted the first tree of the campaign, setting a tradition that has since been carried on by successive Chinese leaders and military top brass.

Wednesday marked “the 43th consecutive year the CMC leadership has collectively participated in the voluntary tree-planting activity in the capital,” said Xinhua, the state news agency.

Since Xi came to power in late 2012, his two vice chairmen on the CMC had led military officers to plant trees without fail every spring – until He’s rare absence on Wednesday.

The first-ranking CMC vice chairman, Gen. Zhang Youxia, attended the event, so did two other generals on the commission, Liu Zhenli and Zhang Shengmin.

The only other uniformed CMC member who did not show up was Adm. Miao Hua, who was suspended under investigation in November for “serious violations of discipline” – a common euphemism for corruption and disloyalty.

“I think He’s absence is quite telling, but again, no one can be absolutely sure,” Char said. “There’s another school of thought, which is He Weidong was involved in the last two weeks with the preparations for the military exercises around Taiwan.”

Starting from Tuesday, combined forces of the PLA’s Eastern Theater Command held surprised exercises around Taiwan for two straight days, testing capabilities to blockade the self-ruling island, simulate strikes on its ports and other critical infrastructure, and launch long-range live-fire strikes.

The commander of the Eastern Theater Command from 2019 to 2022 was He. It was during his tenure that the Eastern Theater Command staged massive military drills and fired missiles around Taiwan in August 2022, in retaliation against then US House Speaker Nancy Pelosi’s visit to Taipei.

A prolonged absence from public view does not always signal trouble for Chinese officials. Some have resurfaced and resumed their duties. It’s also not uncommon for officials to be taken in for questioning by graft busters to assist investigations into colleagues.

Last November, Defense Minister Dong Jun was reported to be under investigation for corruption by the Financial Times, citing US officials. China’s Defense Ministry dismissed the report as a “sheer fabrication.” Dong reemerged in public a week later. The minister was also seen attending Wednesday’s tree-planting event on the state broadcaster.

Military purges

After coming to power, Xi consolidated control over the world’s largest military by taking down powerful generals from rival factions and replacing them with allies and loyal proteges.

But a decade on, having structurally overhauled the People’s Liberation Army and stacked its top ranks with his own men, Xi is still knee-deep in his seemingly endless struggle against graft and disloyalty – and is increasingly turning against his own handpicked loyalists.

Since the summer of 2023, more than a dozen high-ranking figures in China’s defense establishment have been ousted in a sweeping purge that focused on the country’s nuclear force and equipment procurement, including two defense ministers promoted to the CMC by Xi.

The ongoing turmoil roiling the senior ranks of the PLA has raised questions over Xi’s ability to end systemic corruption in the military and enhance its combat readiness at a time of heightened geopolitical tensions.

“Recurring purges of the senior-most PLA leaders indicate that Xi Jinping distrusts his officer corps,” said Drew Thompson, a senior fellow at the RSIS.

“The constant removal of so many senior officers, as well as the extent of corruption running to the very top undoubtedly has an effect on the PLA’s morale, and likely also its military capabilities,” Thompson added.

But some analysts noted that by this point, the PLA may have well become accustomed to the shake-ups in its high command.

“Leadership purges in the PLA seem to have become normalized to a point that it’s just part and parcel of being the PLA,” said Collin Koh, another research fellow at RSIS.

The Chinese military may have started to grow accustomed to the purges – to a point where it is able to isolate them from its daily operational activities and go on with business as usual, Koh noted.

“It does not necessarily mean that because of the purges, the PLA has started to relent on readiness. These purges might potentially have the effect of reminding the PLA to do their work better – if anything, if you want to escape the purges, then one way to do that is to obey what the party is telling you, which is to be prepared for conflict,” he said.

A close confidant

Like Miao, He is widely believed to have forged close personal ties with Xi during their overlapping years in Fujian, where the future Chinese leader was rising through the ranks as a local official in the 1990s and early 2000s.

Both He and Miao spent most of their early career serving in the former 31st Group Army in Fujian, which became a major power base for Xi. A string of military officers hailing from the 31st Group Army have been fast-tracked for promotion since Xi took power in late 2012.

Gen. He was no exception. In 2013, he was promoted to commander of Jiangsu Military District; less than a year later, he became commander of the Shanghai Garrison. In 2016, he was promoted yet again to command ground forces of the Western Theater Command, which oversees China’s border with India.

He was promoted to full general in 2017, when he became commander of the Eastern Theater Command, responsible for leading any military invasion or blockade of Taiwan.

But the ultimate sign of Xi’s trust in He came at the 20th Party Congress in 2022, when He landed the CMC vice chairmanship – an unusually rapid rise for an official who hadn’t served on the Central Committee of the ruling Communist Party.

During that leadership reshuffle, Xi stacked the CMC with six loyalists. If confirmed to be under investigation, He would be the powerful military body’s first sitting vice chairman to be purged by Xi and the third member on the current CMC to fall from grace.

The last time a sitting CMC vice chair was purged was more than three decades ago, when then-Party General Secretary Zhao Ziyang was ousted for sympathizing with student protesters in the 1989 Tiananmen pro-democracy movement.

“What happens finally to He Weidong gives us a window into how the political system in China is being restructured further under Xi Jinping,” Char said, noting the PLA’s reform of its rigid political structure.

“I don’t think anyone in the system now is irreplaceable,” he said. “This is what a political strong man does. He’s ruthless… he’s continuously purging his own ranks to keep his generals on their toes.”

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In this exclusive StockCharts video, Joe Rabil shows you how to use the ADX on monthly and weekly charts to find stocks with massive breakout potential. Joe walks you through several examples of stocks and ETFs that broke out of an extended period of trading sideways. He also discusses the recent stock market correction and where the SPY and QQQ are trading with respect to the support of moving averages.

This video was originally published on April 2, 2025. Click this link to watch on Joe’s dedicated page.

With the S&P 500 and Nasdaq dropping quickly after this week’s tariff announcements, investors are scrambling to identify areas of the market demonstrating strength despite broad market weakness.  The good news is that I was able to easily find strong charts with improving relative strength using the StockCharts platform.

As much as it feels like “everything is down” after Wednesday’s news on increased tariffs on a vast number of products, a quick review of the S&P 500 MarketCarpet on Thursday afternoon provides a quick reminder that plenty of stocks were actually trading higher into the afternoon.

Let’s review two stocks and one ETF demonstrating strength in recent weeks.  And if you’re looking for more potential ideas, perhaps review my Top Ten Charts to Watch for April 2025 with Grayson Roze!

Kroger Co. (KR)

When the economy is strong, and consumer confidence is high, we often see a surge in “things you want” such as travel and luxury goods.  During periods of economic weakness, those Consumer Discretionary names will struggle relative to “things you need” like cleaning products, household goods, and beverages.  So it’s not surprising that our first two charts are in the Consumer Staples sector!

Indeed, the chart of Kroger has a “long and strong” look to it, featuring a consistent pattern of higher highs and higher lows since the October 2024 breakout.  

Two pullbacks in March saw Kroger achieve a higher low above the 50-day moving average, confirming that buyers are coming into “buy the dips” and push the stock to new highs.  The most impressive feature of this chart is the steady uptrend in the relative strength.  As long as that series remains trending higher, it means Kroger provides an opportunity to do better than our struggling benchmarks.

Keurig Dr Pepper Inc (KDP)

Back in October 2024, Keurig Dr Pepper saw a series of downside gaps on disappointing earnings results.  I’ve highlighted these gaps with shaded areas so we can see how often these price ranges have come into play during subsequent price action.

We can see that KDP struggled to regain the lower price gap range late last year, with the 200-day moving average also serving as resistance during that period.  Then in February we finally saw a break above the 200-day before KDP eventually found resistance at the upper price gap from last October.  From late February through early April, Keurig Dr Pepper has basically traded between these two price zones, with the most recent upswing taking the stock back up to test the upper price gap range.

Similar to Kroger, I would say the most compelling piece of this chart is the improving relative strength.  If most stocks are in primary uptrends, then perhaps KDP does not look nearly as impressive.  But with Magnificent 7 stocks and other growth names pounding out clear distribution phases, the chart of Keurig Dr Pepper could provide an opportunity to outperform.

Utilities Select Sector SPDR Fund (XLU)

Now let’s consider utilities, a sector which is usually bucketed with other defensive groups yet has actually traded along with growth sectors at times over the last 12 months.  The reason for this shift has been partly due to the incredible energy needs of artificial intelligence, cryptocurrency mining, and other enterprises requiring heavy computer power.

The price structure of the XLU is fairly neutral at the moment, with this ETF basically stuck in a trading range since the 4th quarter of 2024.  But with most S&P 500 names trading below their 200-day moving averages, I’m immediately drawn to charts that remain above this long-term trend barometer.  The XLU has actually successfully tested the 200-day moving average three times in 2025, all resulting in short-term rallies.

The question here is whether the XLU can gain enough momentum to push above a clear resistance level around $82.  But even that does not actually come to pass, a chart remaining in a sideways trend could provide an easy way to ride out a period where the major benchmarks are losing value.  And given the higher-than-average dividend yield along with decent price action, the utilities sector seems like it deserves a second look.

Both KR and KDP were featured in our Top Ten Charts to Watch for April 2025, which you can access below!

RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

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.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that the Company showcased it’s CERENERGY(R) Battery technology at the prestigious Hannover Messe 2025, the world’s leading industrial trade fair. The event, which annually attracts over 200,000 visitors and 6,500 exhibitors from across the globe, provided Altech with a prime platform to introduce CERENERGY(R) to key stakeholders in the energy storage sector.

Altech’s CERENERGY(R) was prominently featured in the Energy Storage Hall, drawing significant attention from industry leaders, potential partners, and investors eager to explore next-generation solutions for clean energy storage. The company’s participation is part of a broader strategic effort to secure a strong commercial partner to help accelerate the commercialization of its sodium-alumina solid-state battery technology.

Throughout the event, Altech held numerous high-level meetings with representatives from energy companies, industrial manufacturers, and strategic investors looking to tap into the rapidly growing energy storage market. The response has been overwhelmingly positive, reflecting strong global demand for advanced battery technologies that can deliver high performance while reducing reliance on critical raw materials such as lithium and cobalt.

The Hannover Messe exhibition comes at a time when Germany is ramping up its defense and clean energy investments, driven in part by growing geopolitical uncertainties and the ongoing EU:US trade war. With energy security becoming a top priority, Altech’s CERENERGY(R) technology aligns perfectly with Europe’s strategic push towards energy independence and industrial resilience.

Group Managing Director Iggy Tan said ‘We are delighted by the level of interest in our CERENERGY(R) battery technology at Hannover Messe. The feedback we’ve received from potential partners and industry players has been extremely encouraging. As countries and industries accelerate their transition towards renewable energy, we see CERENERGY(R) as a game-changer in providing cost-effective, safe, and sustainable battery solutions.’

*To view photographs, please visit:
https://abnnewswire.net/lnk/8J6TA5ZV

About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

News Provided by ABN Newswire via QuoteMedia

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