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Prime Minister Benjamin Netanyahu kept up appearances for nearly 19 months: Freeing the hostages and defeating Hamas, he insisted, stood equally atop the pyramid of Israel’s war goals.

Even as members of his right-wing governing coalition threatened to topple his government if he agreed to a ceasefire and hostage release deal. Even as he himself threw up eleventh-hour obstacles to reaching such a deal. And even as evidence mounted that Israel’s military operations had both directly and indirectly led to the killing of Israeli hostages. Amid all those contradictions, Netanyahu insisted both objectives were just as important.

But not anymore. Now, Netanyahu is unabashedly prioritizing war – and the survival of his government – over the fate of 59 hostages still in Gaza and the will of most Israelis.

A week after calling the defeat of Israel’s enemies the “supreme objective” of the war, Netanyahu is turning that rhetoric into action: calling up tens of thousands of reservists to pummel, seize and occupy large swaths of Gaza – what the prime minister calls the “final moves” against Hamas.

Israeli officials say the plan won’t be implemented immediately, giving Hamas at least another week-and-a-half to agree to another limited hostage and ceasefire deal on Israel’s terms – with some insisting that is the government’s preference. The deadline, they say, is the conclusion of US President Donald Trump’s visit to the region next week. But such a deal is unlikely to materialize in that timeframe and these are no longer idle threats.

The right-wing ministers who have sabotaged previous ceasefire deals and long called for conquering Gaza are now celebrating, viewing the newly approved plans as the first step toward their vision of occupying and ultimately annexing the enclave. Finance Minister Bezalel Smotrich now vows that there will be “no retreat from the territories we have conquered, not even in exchange for the hostages.”

For Netanyahu, that means political security – taking Smotrich and National Security Minister Itamar Ben Gvir’s repeated threats to leave the government and force new elections off the table, keeping him in the prime minister’s office.

It also means going against the will of a clear majority of Israelis – 56% according to Israel’s Kan 11 and 69% according to Channel 12 – who support a deal to end the war in exchange for the release of all remaining hostages.

Hamas has repeatedly said it is open to such an all-in-one deal, hoping to salvage its position of power in Gaza, but the Israeli government has rejected any end to the war that leaves the group armed and governing the strip.

For the families of Israeli hostages, Netanyahu’s decision has been a gut punch, one they fear won’t just delay the return of their loved ones but actively endanger them.

“It seems the government has placed defeating Hamas above rescuing and returning the hostages, because doing so would require stopping the war,” Anat Angrest, the mother of captive Israeli soldier Matan Angrest, told Haaretz. “Ministers are sending soldiers into harm’s way and putting the hostages at further risk, when all that was needed was a pause to develop a real strategic plan. What’s happening now is a war fueled by revenge and conquest, not by a genuine desire to save lives.”

“It doesn’t reflect the will of the people, or the Jewish heart,” she said.

The expanded Israeli assault in Gaza won’t just bring the risk to the hostages of more Israeli bombs. Hamas has repeatedly said it will execute hostages if Israeli forces close in on their positions, a threat it carried out last August in murdering six of them. Israel’s plan to displace nearly all of Gaza’s population to its southern part while continuing to starve the rest of the strip of humanitarian aid could also endanger the hostages’ access to the already limited food they are given.

For the people of Gaza, Netanyahu’s decision threatens catastrophe beyond the dire humanitarian crisis already gripping the besieged territory. The expanded Israeli assault guarantees another mass forced displacement of Palestinians, more death and destruction and the continued use of starvation as a weapon of war.

Even as Netanyahu’s decision to prioritize destroying Hamas over the fate of the remaining hostages becomes clear, the Israeli military’s ability to achieve its aims vis-à-vis the group remain uncertain.

The factors that have allowed Hamas to survive and stay in power in Gaza after nearly 19 months of war still remain, and Israeli national security analysts remain skeptical that tens of thousands of additional troops will fundamentally change the dynamics of the conflict. Sending them with the goal of occupying large swaths of Gaza could drive up Israeli military casualties, with the risk of bogging the military down for years in a counterinsurgency morass.

Perhaps that is why Netanyahu did not barrel headfirst down the path he has now chosen.

Trump’s return to power allowed Netanyahu to shed the guardrails imposed on him by President Joe Biden during the first 15 months of the war. But even as Trump and his administration made clear they would not seek to constrain Israel’s military actions in Gaza, Netanyahu did not immediately pursue the expanded war his right-wing allies have been clamoring for.

But in a fulcrum moment, he has now chosen – a decision that will shake the Gaza Strip, forever altering the fate of more than 2 million Palestinians and 59 hostages.

This post appeared first on cnn.com

At least 22 people, including seven children, were killed Tuesday in an Israeli strike on a school compound sheltering thousands of displaced people in the Al Bureij camp in central Gaza, hospital officials said.

Dozens more were injured in the strike, they said.

At the site of the attack, video from the scene showed a large crater where people searched through the rubble of the school for survivors, the remnants of tents and belongings littering the ground.

Safaa Al Khaldi, who was sheltering at the school, said that her son was injured in the strike.

“Our children are starving, our children cannot find a piece of bread,” she said, referring to Israel’s complete blockade of Gaza, now in its third month. “What did we do wrong?”

The Israel Defense Forces (IDF) said it struck “terrorists who were operating within a Hamas command and control center,” on Tuesday, but did not provide any further information about the strike.

At the school compound, one woman screamed at Hamas, an expression of anger at Gaza’s ruling militants once virtually unthinkable. “Hamas should get out of the school, they are hiding between the people,” she cried. “Get them out, what’s the fault of the children who are torn apart?”

Tuesday’s strike on the refugee camp comes less than 24 hours after Israeli Prime Minister Benjamin Netanyahu said the population of Gaza will be displaced to the south after his security cabinet approved an expanded military operation in the enclave.

“There will be a movement of the population to protect them,” Netanyahu said of the “intensified operation,” which by one far-right minister said would be a plan to “conquer” the besieged territory.

Since the Israeli cabinet approved an expanded military operation in Gaza on Sunday, at least 48 Palestinians have been killed and another 142 injured, according to the Palestinian Ministry of Health. More than 2,500 Palestinians have been killed since Israel resumed its bombardment of Gaza on March 18, according to figures provided by the ministry.

On Monday, the Palestine Red Crescent Society said 13 of its 29 clinics in Gaza have shut down. The ones that are still functioning have “limited capabilities,” it said. Meanwhile, 21 out of Gaza’s 36 hospitals are only partially functioning, according to the UN health agency.

Israel’s blockade, which has prevented the entry of food and medicine, is pushing the Gaza’s ravaged healthcare system towards collapse, aid agencies have warned.

Near the site of the latest Israeli strike, a woman hugged her crying daughter, saying that all her daughter’s friends were killed.

“My friend Leen is gone, my friend Yousra is gone, my friend Miral is gone,” the daughter said as tears streamed down her face.

The UN’s humanitarian agency (OCHA) warned Tuesday of a “deepening catastrophe” in Gaza amid the blockade.

“OCHA stresses that under international humanitarian law, civilians must be protected, and their essential needs – including food, shelter, water and healthcare – must be met, wherever they are in Gaza and whether they move or stay,” OCHA said.

This post appeared first on cnn.com

India launched military strikes on Pakistan on Wednesday and Pakistan claimed it shot down five Indian Air Force jets, in an escalation that has pushed the two nations to the brink of war.

The escalation puts India and Pakistan, two neighbors with a long history of conflict, in dangerous territory, with Islamabad vowing to retaliate against India’s strikes and the international community calling for restraint.

New Delhi said the strikes are in response to the massacre of 26 people – mostly Indian tourists – who died in April when gunmen stormed a scenic mountain spot in the India-administered part of Kashmir, a disputed border region. India has blamed Pakistan for the attack, which Islamabad denies.

Here’s what we know so far.

What happened with India’s strikes?

India launched “Operation Sindoor” in the early hours of Wednesday morning local time (Tuesday night ET) in both Pakistan and Pakistan-administered Kashmir.

Indian officials said nine sites were targeted, but claimed no Pakistani civilian, economic or military sites were struck. They said the 25-minute operation targeted “terrorist infrastructure” belonging to two militant groups – Lashkar-e-Tayyiba and Jaish-e-Mohammed.

The name ‘Sindoor’ appears to be a reference to the red vermilion, or powder, many Hindu women wear on their foreheads after marriage. The April tourist massacre – which singled out men as victims – left several Indian women widowed.

A Pakistani military spokesperson said six locations were hit with 24 strikes. Some of those strikes hit the densely populated province of Punjab, Pakistan’s military said, and were the deepest India has struck inside Pakistan since 1971, when the two countries fought one of their four wars.

How did Pakistan respond?

Pakistani security sources claimed they had shot down five Indian Air Force jets and one drone during India’s attack.

They did not say exactly where, or how, the jets were downed – but said three Rafale jets were among those planes. India’s Rafale fighter jets are prized military assets that it bought from France only a few years ago.

An eyewitness and local government official said an unidentified aircraft crashed in the village of Wuyan in Indian-administered Kashmir. Photos published by the AFP news agency showed aircraft wreckage lying in a field next to a red-brick building.

It was not immediately clear from the photos who the aircraft belonged to.

Pakistani Prime Minister Shehbaz Sharif said on Wednesday the country “has every right” to respond, calling India’s actions an “act of war.”

How many casualties are there?

At least 26 civilians were killed and 46 injured by India’s strikes, a Pakistan military spokesperson said, according to the news agency Reuters.

Lt. Gen. Ahmed Sharif Chaudhry, a spokesperson for Pakistan’s military, said those killed include teenagers and children – the youngest of whom was three years old.

Seven civilians in Indian-administered Kashmir were also killed by shelling by Pakistani troops from across the border, Reuters reported, citing police there.

What else is happening on the ground?

On Wednesday, the two sides also exchanged shelling and gunfire across the Line of Control (LOC), the de facto border that divides Kashmir.

Authorities in Indian-administered Kashmir have ordered citizens to evacuate from areas deemed dangerous, saying accommodation, food and medicine will be provided.

The strikes have disrupted flights, with Pakistan closing parts of its airspace. Multiple major international airlines are avoiding flying over Pakistan, while several Indian airlines have reported disrupted flights and closed airports in the country’s north.

Some context: There have been regular exchanges of gunfire along the Line of Control in the weeks following the Pahalgam massacre.

What prompted all of this? What is Kashmir?

Muslim-majority Kashmir has been a flashpoint in India-Pakistan relations since both countries gained their independence from Britain in 1947.

The two nations to emerge from the bloody partition of British India – Hindu-majority India and Muslim-majority Pakistan – both claim Kashmir in full and, months after becoming independent, fought their first of three wars over the territory.

The divided region is now one of the most militarized places in the world.

India has long accused Pakistan of harboring militant groups there that conduct attacks across the border, something Islamabad has long denied.

The massacre in the tourist hotspot of Pahalgam in April sparked widespread anger in India, putting heavy pressure on the Hindu-nationalist government of Prime Minister Narendra Modi.

India immediately blamed Islamabad, sparking tit-for-tat retaliatory measures in which both countries downgraded ties, canceled visas for each other’s citizens, and saw India pull out of a key water-sharing treaty.

What could come next?

The three previous wars over Kashmir have each been bloody; the last one in 1999 killed more than a thousand Pakistani troops, by the most conservative estimates.

In the decades since, militant groups have fought Indian security forces, with violence killing tens of thousands. The two countries have clashed multiple times, most recently in 2019 when India conducted airstrikes in Pakistan after it blamed Islamabad for a suicide car bomb attack in the region.

But those recent clashes did not explode into all-out war. Both sides are aware of the risks; since 1999, the two countries have worked to strengthen their militaries, including arming themselves with nuclear weapons.

How is the world reacting?

The strikes have raised global alarm and pleas for the two nations to prevent further escalation.

United Nations Secretary-General António Guterres voiced “deep concern” over India’s strikes, warning that the world “cannot afford a military confrontation” between the two nations.

The United States – which had urged restraint from both countries last week – said it was “closely monitoring developments,” according to a State Department spokesperson.

“We are aware of the reports, however we have no assessment to offer at this time,” the spokesperson said Tuesday. “This remains an evolving situation, and we are closely monitoring developments.”

The United Arab Emirates, China and Japan have also called for both sides to de-escalate.

This post appeared first on cnn.com

Communication Services Drops to #5

The composition of the top five sectors remains largely stable this week, with only slight adjustments in positioning. Consumer staples continue to lead the pack, followed by utilities, financials, real estate (moving up one spot), and communication services (dropping to fifth). This defensive lineup persists despite a rallying market, presenting an interesting dilemma for sector rotation strategies.

  1. (1) Consumer Staples – (XLP)
  2. (2) Utilities – (XLU)
  3. (3) Financials – (XLF)
  4. (5) Real-Estate – (XLRE)*
  5. (4) Communication Services – (XLC)*
  6. (6) Healthcare – (XLV)
  7. (7) Industrials – (XLI)
  8. (8) Materials – (XLB)
  9. (11) Technology – (XLK)*
  10. (10) Energy – (XLE)
  11. (9) Consumer Discretionary – (XLY)*

Weekly RRG

The weekly Relative Rotation Graph (RRG) paints a picture of potential change on the horizon.

While staples, utilities, real estate, and financials maintain their positions in the leading quadrant, they show signs of losing relative momentum over the past few weeks.

Financials, particularly, are teetering on the edge of rolling into the weakening quadrant.

Communication services have already shifted, now firmly in the weakening quadrant and traveling on a negative RRG heading. This movement explains its drop to the fifth position in our sector rankings.

Daily RRG

Switching to the daily RRG, we see a slightly different picture for our top sectors.

Staples, utilities, real estate, and financials are all positioned in the weakening quadrant, traveling on negative RRG headings.

This short-term view indicates that we must closely monitor these sectors to determine if they can regain momentum before potentially dropping out of the top five.

Interestingly, communication services is showing signs of life on the daily chart. Despite falling to the fifth position overall, its tail is now in the improving quadrant and moving toward leading.

The caveat? It’s a very short tail, close to the benchmark—essentially moving in line with the market. This makes communication services the sector most at risk of losing its top-five status in the near term.

Consumer Staples

Consumer staples is bumping up against overhead resistance between $82.50 and $83.

This hesitation in upward price movement is causing weakness in the RS line, which has started to dip.

Consequently, the RS momentum line is rolling over. However, the high RS ratio—indicating a strong relative trend—is keeping staples at the top of our list for now.

Utilities

Utilities has been flirting with a breakout since the start of 2025, pushing against overhead resistance around $80 about four times already.

When it breaks, we’ll likely see an acceleration towards the all-time high just above $82.50.

Like staples, the inability to break resistance is causing a stall in the RS line and a rollover in relative momentum.

Financials

After a strong rally off the $42 support level, previously resistance (the old technical adage holds true), financials is now facing a challenge.

The rally is approaching the former rising support level that marked the uptrend channel. This could cause some hesitation in both price and relative strength.

The RS line remains within its rising channel, but momentum has waned, causing the green RS momentum line to roll over.

Real-Estate

Real estate moved up one position to fourth and is still emerging from a long relative downtrend that began in April 2022.

The RS ratio line has picked up the relative strength rally that started in early 2025 but is now stalling.

This has resulted in the green RS momentum line rolling over. On the price chart, real estate is mid-range with room to move higher.

Communication Services

Communication services have dropped to the fifth position, but the price chart has an interesting development.

Last week, the price broke back above the old neckline of a small head-and-shoulders pattern. The fact that we’re now rallying above this neckline could indicate a failed head-and-shoulders pattern—usually a very strong bullish sign.

However, recent weakness in relative strength has pushed the sector deeper into the weakening quadrant on the RRG.

This sector must pick up rapidly in the coming weeks to maintain its position in the top five.

Portfolio Performance

The defensive positioning of our top five sectors is leading to underperformance as the broader market rallies.

Currently, we remain at approximately a 3% underperformance compared to SPY just like last week.

However, from the perspective of sector rotation, we must still consider this rally in the S&P 500 to be temporary.

The underlying message continues to emphasize defense.

It’s important to remember that there is always a lagging element in RRGs and this strategy.

If the market has truly turned, we will see that shift reflected in our sectors, and at some point, we will start to make up the difference.

These performance gaps can change very rapidly in favor of the RRG portfolio when the market comes under pressure and our defensive sectors start to lead again.

#StayAlert and have a great week — Julius

Warren Buffett has a formidable reputation as an investor — with a net worth of US$160 billion in May 2025, he’s among the world’s richest people and a business role model for many.

Buffett, who run his company Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B) for over 60 years, made waves when he announced in May 2025 that he would be stepping down as CEO at the end of the year, although he will stay on as chairman.

Buffet is also well known for being uninterested in gold. For those wondering Buffett invests in gold, he has made his stance on the yellow metal abundantly clear over the years, and it’s not positive — put simply, he doesn’t think gold fits in with his strategy of value investing, which involves picking stocks that are trading for less than they are worth.

Given Buffett’s aversion to gold, market watchers were understandably surprised when Berkshire Hathaway invested in Barrick Gold (TSX:ABX,NYSE:GOLD) in Q2 2020, paying around US$560 million for about 21 million shares of the major gold miner.

What was behind that decision? Many headlines proclaimed that Buffett had changed his mind on gold. But there were plenty of counterpoints — some suggested that it could have been another person at Berkshire that made the trade and not Buffett himself; others pointed out that there’s a difference between investing in gold and investing in a gold-mining company. Still others noted that Berkshire’s stake in Barrick was relatively small compared to its other holdings.

Ultimately, Buffett and Berkshire’s position in Barrick turned out to be a short one. Berkshire Hathaway exited only two quarters later, which was just long enough to reap the rewards of gold’s big bump from the COVID-19 crisis. Perhaps the Oracle of Omaha was clued in to the precious metal’s status as a safe-haven asset in times of economic uncertainty.

Whatever the reason for the moves at Berkshire, it’s interesting to look back at some of the comments Warren Buffett has made about gold. While he hasn’t spent a huge amount of time discussing gold (after all, he doesn’t like it), he’s spoken enough about it that there’s no mistaking his stance. Here’s a look at three quotes that sum up what Warren Buffett thinks about gold.

What has Warren Buffett said about gold?

1. “Gold … has two significant shortcomings”

“Gold … has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end”
— Warren Buffett, letter to shareholders, 2011

Warren Buffett’s 2011 letter to shareholders includes a fairly lengthy discussion on gold, which hit what was then an all-time high of around US$1,920 per ounce in September of that year.

In the letter, Buffett lays out three types of investments, placing gold squarely in the second category, which involves “assets that will never produce anything.” Buyers purchase these assets, according to Buffett, with the hope that someone else will pay more for them in the future. “Owners are not inspired by what the asset itself can produce — it will remain lifeless forever — but rather by the belief that others will desire it even more avidly in the future,” he states in the letter.

Gold advocates reacted strongly to those comments, arguing that the point of gold isn’t what it can produce; instead, its value comes from the fact that it’s a source of protection in times of crisis.

Others have pointed out that gold does in fact have a good track record of producing returns. Responding specifically to Buffett’s comment that an ounce of gold will always only be an ounce of gold, Frank Holmes, chief investment officer at U.S. Global Investors (NASDAQ:GROW), said that the Oracle of Omaha is simply wrong about the yellow metal.

“Buffett’s always been negative on gold; his own company doesn’t pay a dividend, and his argument before was (that) gold doesn’t pay income,” Holmes said. “He’s totally wrong. Since 2000, bullion has far outperformed the S&P 500 (INDEXSP:.INX) by two to one, and it’s outperformed Berkshire Hathaway.”

2. “It won’t do anything … except look at you”

“I have no views as to where (gold) will be (in the next five years), but the one thing I can tell you is it won’t do anything between now and then except look at you” — Buffett, CNBC’s Squawk Box, 2009

Most of the other things Buffett has said about gold relate to the two failings he mentions in his 2011 letter to shareholders: the metal’s lack of utility and the fact that it’s not procreative.

During a 2009 episode of CNBC’s Squawk Box, Buffett aired his thoughts on those issues in a slightly different way. Speaking about gold in the next five years and if it should be part of a value investing strategy, Buffett said he had no opinion on where it might go — “The one thing I can tell you is it won’t do anything between now and then except look at you,” he said.

That’s in contrast to stocks like Coca-Cola (NYSE:KO) and Wells Fargo & Company (NYSE:WFC), which Buffett said would be generating money, and lots of it. He explained, “It’s a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.”

The comment ends with another of Buffett’s well-known lines on gold, which he’s repeated in various ways over the years: “The idea of digging something up out of the ground, you know, in South Africa or someplace and then transporting it to the United States and putting into the ground, you know, in the Federal Reserve of New York, does not strike me as a terrific asset.”

For Buffett, value relates back to usefulness, and without a specific use gold has neither. Interestingly, the same thought process does not apply to silver — Buffett has put money into silver before, and believes its dual nature as both a precious and an industrial metal make it useful and therefore valuable.

3. “Gold is a way of going long on fear”

“With an asset like gold, for example, you know, basically gold is a way of going long on fear, and it’s been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in the year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money. But the gold itself doesn’t produce anything” — Buffett, CNBC’s Squawk Box, 2011

Warren Buffett has also spoken fairly extensively about his belief that people who buy gold are essentially betting on fear. The quote above is from a 2011 episode of CNBC’s Squawk Box, but he also brings this idea up in his 2011 letter to shareholders.

“What motivates most gold purchasers is their belief that the ranks of the fearful will grow,” he says in the letter. And indeed, gold is often described as a safe-haven investment, meaning that people flock to it in times of turmoil in order to feel more secure and to balance out other areas of their portfolios.

While Buffett admits that “during the past decade this belief has proved correct” — in other words, fear did spur gold demand — overall he sees going long on fear as a problem. Again he goes back to the idea that gold lacks utility and is not procreative.

As he explains, all the gold in the world at the time would be worth US$7 trillion. By his calculations, that’s equivalent to roughly a billion acres of farmland in the US plus seven ExxonMobils (NYSE:XOM) and with an additional US$1 trillion to spare.

“And if you offered me the choice of looking at some 67-foot cube of gold … and the alternative to that was to have all the farmland of the country, everything, cotton, corn, soybeans, seven ExxonMobils. Just think of that. Add $1 trillion of walking around money. I, you know, maybe call me crazy but I’ll take the farmland and the ExxonMobils,” he said.

Will Warren Buffett change his mind about gold?

Berkshire’s Barrick investment was certainly a surprise for many, but it doesn’t necessarily mean that Buffett has changed his mind about gold. He’s been consistent in his approach to the precious metal for years, and it seems unlikely that he’ll do an about-face any time soon.

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

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This post appeared first on investingnews.com

White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce further assay results from the reverse circulation drilling campaign at the Company’s 100% owned Rae Copper Project in Nunavut, Canada.

  • Further assay results confirm and validate the strategy to explore previously untested high-grade zones and vertical depth extension of mineralisation at Danvers
  • Highlights from DAN25008:
    • 175m @ 2.5% Cu & 8.66g/t silver (Ag) from 7.6m, including 14m @ 7.55% Cu & 25.8g/t Ag from 138m
    • the last 60m of the hole averaged 3.9% Cu & 14.96g/t Ag to final depth of 182.88m
    • hole ended in mineralisation with the last 1.5m sample recording 4.46% Cu & 11.58g/t Ag, open at depth
  • DAN25001 returned 52m @ 1.16% Cu & 3.43g/t Ag from surface, including 7.6m at 3% Cu & 9.5g/t Ag from 18.28m
  • Drilling demonstrates potential for significant expansion to historic non-compliant resource. With the initial objectives of Danvers drilling achieved, to begin to understand the significance of this discovery, new drilling data will feed into a maiden JORC compliant mineral resource
  • Mineralisation remains open in all directions. Follow up diamond drilling now being planned to drill out the mineralisation boundaries at Danvers and begin testing of the massive sedimentary structure at Hulk
  • The next five (5) assays along strike from DAN25008 are due in the coming weeks

“DAN25008 was prioritised for assay due to the abundance of visual sulphides observed during drilling, and these results have underpinned our confidence in those visuals prevalent in the Company’s prior work. We believe this drill hole ranks among the most significant copper intersections globally within the last 50 years and comfortably sits within the top 10 globally reported “grade-metre” copper results.

This discovery and outstanding results from Danvers is a clear testament to our technical team’s expertise and geological understanding, in particular the professionalism and persistence of Olga Solovieva and Sam Vaughan.

Our improved geological understanding of the Danvers area indicates a mineralised system that extends from surface over more than 175m vertically and potentially 7km in strike length – both to the northeast and southwest, providing scope for further high-impact intercepts from upcoming drilling. With our work updating the geological understanding at Danvers, we adapted our drill targets and DAN25008 resulted in mineralisation at least 30 metres below historical limits, with the hole terminating in high-grade copper mineralisation – suggesting considerable additional potential at depth. The increase in grade toward the bottom of the hole is encouraging and is validation of our methodology.

To illustrate the magnitude of this result, the DAN25001 intercept of 52m at 1.2% Cu – a strong result in its own right – now appears modest when viewed alongside the 175m @ 2.5% Cu from DAN25008. In the context of global copper supply constraints, the Company is well positioned to leverage these results with mineralisation from surface, supporting potential open pit mining activities and an open water port less than 80km from the deposit.

Troy Whittaker – Managing Director

FURTHER INFORMATION

Drillhole DAN25008 is an important step in the development of the Danvers copper deposit. An intercept of 175.26m at 2.5% copper is an outstanding result illustrating the continuous mineralisation which commences just below surface at 7.62m downhole. The final 30m of DAN25008 which averages 2.37% Cu and 10.51g/t Ag exists below the trace of historic drilling, effectively extending the known high-grade mineralisation.

Click here for the full ASX Release

This post appeared first on investingnews.com

Investing in rare earth minerals can seem tricky, but there are a variety of rare earth stocks and exchange-traded funds (ETFs) available for metals investors.

The rare earth sector may seem daunting, as many elements fall under the umbrella, and the 17 rare earth elements (REEs) are as diverse as they are challenging to pronounce.

The group is made up of 15 lanthanides, plus yttrium and scandium, and each element has different applications, pricing and supply and demand dynamics. Sound complicated? While the REE space is undeniably complex, many investors find it compelling and are interested in finding ways to get a foot in the door.

Read on for a more in-depth look at the rare earth metals market and the many different types of rare earth minerals, plus rare earth stocks and ETFs you can invest in.

In this article

    What are the types of rare earth minerals?

    There are a number of ways to categorize and better understand rare earths, which will help you know which companies to invest in based on what they’re targeting.

    For example, they are often divided into “heavy” and “light” categories based on atomic weight. Heavy rare earths are generally more sought after, but light REEs are important too.

    Rare earths can also be grouped together according to how they are used. Rare earth magnets include praseodymium, neodymium, samarium and dysprosium, while phosphor rare earths — those used in lighting — include europium, terbium and yttrium. Cerium, lanthanum and gadolinium are sometimes included in the phosphor category as well. For a detailed breakdown of rare earth uses, check out our guide.

    One aspect that is common to all the rare earths is that price information is not readily available — like other critical metals, rare earth materials are not traded on a public exchange. That said, some research firms do make pricing details available, usually for a fee, including Strategic Metals Invest, Fastmarkets and SMM.

    What factors affect supply and demand for rare earths?

    As mentioned, each REE has different pricing and supply and demand dynamics.

    However, there are definitely overarching supply and demand trends in the sector. Most notably, China accounts for the vast majority of the world’s supply of rare earth metals. As the world’s leading producer, the Asian nation accounted for roughly 70 percent of rare earths production in 2024, or 270,000 metric tons (MT), with the US coming in a very distant second at 45,000 MT. After the US, Myanmar is the third largest rare earths producer with total output of 31,000 MT last year. On top of that, China is also responsible for 90 percent of refined rare earths output.

    The strong Chinese monopoly on rare earths production has created problems in the sector in the past. For instance, prices in the global market spiked in 2010 and 2011 when the country imposed export quotas.

    The move sparked a boom in global rare earth metals exploration outside of China, but many companies that entered the space at that time fell off the radar when rare earths prices eventually sank again. Molycorp, once North America’s only producer of rare earths, is a notable example of how hard it is for companies to set up shop outside China. It filed for bankruptcy in 2015. But the story didn’t end there — MP Materials (NYSE:MP), the company that now owns Molycorp’s assets, went public in mid-2020 in a US$1.47 billion deal, and a year later was a US$6 billion company.

    MP Materials is now the western hemisphere’s largest rare earths miner, putting out high-purity separated neodymium and praseodymium oxide; a heavy rare earths concentrate; and lanthanum and cerium oxides and carbonates.

    Concerns about China’s dominance are ongoing as the US/China trade war continues and as supply chain stability grows in importance. The Asian nation has tightly controlled how much of its rare earths products make it into global markets through a quota system initiated in 2006.

    US President Donald Trump’s high tariffs targeting Chinese goods has resulted in China enacting further rare earth export restrictions. In April 2025, the Government of China placed strict export controls on samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium — all crucial for the production of electric vehicles, smartphones, fighter jets, missiles and satellites.

    Sharing a border with China, Myanmar is the source of at least 70 percent of its neighbor’s medium to heavy rare earths feedstock. With that in mind, it’s not surprising that a temporary halt in Myanmar’s production in late summer of 2023 sent rare earths prices to their highest level in 20 months, as per OilPrice.com.

    Myanmar’s rare earths production experienced further disruptions in late 2024 as the Kachin Independence Army seized two towns in Kachin state, near China’s Yunnan province, that are critical suppliers of rare earth oxides to China.

    Outside of China, one of the world’s leading rare earths producers is Australian company Lynas (ASX:LYC,OTC Pink:LYSCF), which sends mined material for refining and processing at its plant in Malaysia. In 2023, Japan Australia Rare Earths, a joint venture between the Japan Organization for Metals and Energy Security and Sojitz (TSE:2768), inked an agreement to invest AU$200 million in the production and supply of heavy rare earths from Lynas.

    This has allowed the mining company to expand its light rare earths production and begin production of heavy rare earths. Lynas brought its large-scale downstream Kalgoorlie rare earths processing facility online in November 2024. According to its H1 2025 fiscal year results, the company’s neodymium and praseodymium (NdPr) production volume increased by 22 percent.

    In the US, MP Materials is making good use of US$58.5 million awarded in April to support construction of the first fully integrated rare earth magnet manufacturing facility in the US. The funding is part of the Section 48C Advanced Energy Project tax credit granted by the Internal Revenue Service, Department of Treasury and Department of Energy.

    The Fort Worth, Texas, magnet facility began producing the NdFeB magnets crucial for EVs, wind turbines and defense systems at the start of 2025. First commercial deliveries are expected by the end of the year.

    Looking at demand, many analysts believe the need for rare earths is set to boom on accelerating growth from top end-use categories, including the electric vehicle market and other high-tech applications.

    As an example, demand for dysprosium, a key material in steel manufacturing and the production of lasers, has grown as countries increase their steel standards. Aside from that, rare earths have long been used in televisions and rechargeable batteries, two industries that accounted for much demand before the proliferation of new technologies. Other rare earth metals can be found in wind turbines, aluminum production, catalytic converters and many high-tech products.

    As can be seen, securing rare earths supply is an increasingly important issue. In addition to traditional rare earths mining, there has been growth in the rare earths recycling industry, which aims to recover REE raw materials from electronics and high-tech products in order to reuse them in new ways.

    Exploring and extracting rare earth materials from deep-sea mud is one of the newest recovery methods, although deep sea mining of mud and nodules comes with significant environmental concerns. However, it is gaining traction as more mining companies look offshore for resources and US President Trump pushes for fast tracking of deep-sea mining permits.

    How to invest in rare earth minerals

    Investors are increasingly wondering how they can invest in rare earth metals as demand ramps up and the US-China trade war has caused further concerns about rare earth supply chains. The possibility of higher rare earth prices in the coming years is one of the catalysts for investors wondering how they can invest in rare earths. As it’s not possible to buy physical rare earth metals, the most direct way to invest in the rare earth market is through mining and exploration companies.

    Investing in rare earth stocks

    While many rare earth minerals companies are located in China and are not publicly traded, there are a variety of rare earth companies listed on US, Canadian and Australian stock exchanges.

    Below is a selection of companies with rare earths assets or operations trading on the NYSE, NASDAQ, TSX and ASX; all had market caps of over $500 million as of April 22, 2025.

      Small-cap REE companies are also listed on those exchanges.

      Here’s a hefty list of junior rare earths stock and companies with rare earths projects. The rare earths stocks on this list had market caps between $5 million and $500 million as of April 22, 2025:

        To learn more about investing in rare earths, check out our stocks lists on the 9 Biggest Rare Earth Stocks in the US, Canada and Australia, Top Canadian Rare Earths Stocks, and the 5 Biggest ASX Rare Earth Stocks.

        Investing in rare earth ETFs

        Rare earth exchange-trade funds (ETFs) offer investors a diversified position in this market space, mitigating the risks of investing in specific companies.

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

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              This post appeared first on investingnews.com

              Here’s a quick recap of the crypto landscape for Monday (May 5) as of 9:00 p.m. UTC.

              Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

              Bitcoin and Ethereum price update

              Bitcoin (BTC) was priced at US$94,808.21 as markets wrapped for the day, down 1.2 percent in 24 hours. The day’s range has seen a low of US$93,704.12 and a high of US$94,838.85.

              Bitcoin performance, May 5, 2025.

              Chart via TradingView.

              Bitcoin’s price has been stuck in a range of US$93,000 to US$97,900 since late April, failing to break above the US$98,000 resistance level. Profit-taking volume above statistical norms suggests strong selling pressure despite a large portion of Bitcoin’s supply being in profit, creating potential for volatile price swings.

              Analysts are waiting to see if Bitcoin can break above US$95,000 and then US$98,000 to aim for higher prices, while failure could lead to a drop toward US$92,000 or even lower targets between US$85,000 and US$75,000. Positive exchange-traded fund inflows and the upcoming US Federal Reserve meeting could provide bullish catalysts.

              Ethereum (ETH) ended the day at US$1,824.90, a 0.7 percent decline over the past 24 hours. The cryptocurrency reached an intraday low of US$1,798.96 and saw a daily high of US$1,825.38.

              Altcoin price update

              • Solana (SOL) reached its peak at the end of the day, hitting a value of US$146.95, up 0.2 percent over 24 hours. SOL experienced a low of US$143.72.
              • XRP is trading at US$2.16, reflecting a 1.5 percent decrease over 24 hours and its highest point of the day. The cryptocurrency recorded an intraday low of US$2.11.
              • Sui (SUI) is priced at US$3.47, showing an increaseof 5.4 percent over the past 24 hours. It achieved a daily low of US$3.40 and a high of US$3.48.
              • Cardano (ADA) is trading at US$0.6716, down 3.3 percent over the past 24 hours. Its lowest price of the day was US$0.6566, and it reached a high of US$0.6717.

              Today’s crypto news to know

              Saylor’s Strategy buys US$180 million worth of Bitcoin

              Michael Saylor’s Strategy (NASDAQ:MSTR) has acquired another 1,895 BTC at an average price of US$95,167, bringing its total Bitcoin holdings to a staggering 555,450 BTC worth over US$38 billion.

              The latest US$180.3 million purchase, funded through proceeds from 2024 common and STRK at-the-market offerings, signals the firm’s unwavering commitment to a Bitcoin-centric treasury strategy.

              As of Sunday (May 4), Strategy’s average purchase price across all of its holdings stood at US$68,550 per coin, showing the company’s profitable long-term conviction. The market is watching closely as Strategy continues to be one of the largest institutional holders pushing Bitcoin as a macro asset.

              Australia’s path forward on crypto regulation

              The Australian Labor Party secured a landslide victory in Saturday’s (May 3) election, garnering 54.9 percent of the two-party-preferred vote compared to 45.1 percent for the coalition of the Liberal and National parties.

              While both major groups committed to cryptocurrency reform during their campaigns, the opposition specifically promised to release draft legislation within 100 days of the election.

              The burgeoning Australian cryptocurrency industry has been actively advocating for the government to prioritize the development and implementation of clear and supportive regulations. In a Monday statement, the government said a draft of digital asset legislation is slated to be released next month.

              Bipartisan concerns stall GENIUS Act

              A group of bipartisan lawmakers set back progress on the GENIUS Act on Saturday, issuing a joint statement regarding an updated version of the text released last week. This story was first reported by Politico.

              These lawmakers, who voted in March to advance the bill, have indicated they would not support the legislation if it proceeds through Congress in its current form, highlighting the contentious nature of the proposed legislation and the need for potential amendments to garner broader support in the Senate.

              The group is calling for “stronger provisions on anti-money laundering, foreign issuers, national security, preserving the safety and soundness of our financial system and accountability for those who don’t meet the act’s requirements.’

              “We must advance legislation that enshrines American leadership in the digital asset space and protects the US dollar for centuries to come. That time is now,’ Senator Bill Haggerty, one of the bill’s authors, posted on X.

              “We have a choice here. Move forward and make any remaining changes needed in a bipartisan way, or show that digital asset and crypto legislation remains a solely Republican issue.”

              The Senate is expected to begin considering the stablecoin bill in the coming days, with the first procedural vote anticipated as soon as next week. The bill needs support from at least seven Democrats to pass.

              Arizona governor vetoes Bitcoin Reserve bill, labels crypto ‘untested investment’

              In a decisive move against digital asset adoption at the state level, Arizona Governor Katie Hobbs vetoed a controversial bill that would have allowed the state to invest in Bitcoin using seized funds.

              Senate Bill 1025 narrowly passed state legislature and aimed to establish a crypto reserve managed by the state, a first-of-its-kind initiative in the US. However, Hobbs dismissed the proposal, saying Arizona’s retirement and treasury systems should avoid “untested investments like virtual currency,” and emphasizing fiscal conservatism and a cautious approach to emerging financial instruments, even as crypto assets gain traction globally.

              The veto effectively halts what could have been a landmark experiment in state-level Bitcoin adoption.

              Maldives courts crypto billions in bid to become a blockchain finance hub

              The Maldives, traditionally known for luxury tourism, is pivoting toward digital finance with a massive US$8.8 billion crypto investment deal led by MBS Global Investments, the family office of Sheikh Nayef bin Eid Al Thani.

              The deal, which dwarfs the island nation’s US$7 billion GDP, involves building a massive blockchain-focused financial hub spanning 830,000 square meters and employing up to 16,000 people.

              Maldives Finance Minister Moosa Zameer called the initiative crucial for economic diversification and a potential solution to mounting foreign debt obligations due over the next two years. Early financing commitments have already surpassed US$4 billion, with the remainder to be raised via equity and debt.

              The proposed Maldives International Financial Center would transform the country into a key player in the global digital asset space. If realized, it could mark the most aggressive national pivot to crypto infrastructure in the Global South.

              Binance to roll out crypto payments in Kyrgyzstan

              Binance has signed a landmark partnership with Kyrgyzstan’s National Agency for Investments, aiming to introduce crypto payments and blockchain education as part of a broader national tech initiative. Through a memorandum of understanding, Binance Pay will soon enable crypto transactions for local residents and tourists, while Binance Academy will collaborate with Kyrgyz financial regulators and institutions to build out educational infrastructure.

              The agreement was announced during Kyrgyzstan’s first Council for the Development of Digital Assets, with President Sadyr Japarov in attendance, highlighting high-level state support for crypto integration.

              Binance’s regional head, Kyrylo Khomiakov, stressed the importance of the partnership in shaping regulatory clarity and fostering innovation in the country. Kyrgyzstan also committed to launching a central bank digital currency, the “digital som,” after a law granting it legal tender status was signed on April 18.

              Tether teases launch of new AI platform

              After announcing it was developing a website for an artificial intelligence (AI) tool in December 2024, Tether is teasing the upcoming launch of Tether AI, a new platform designed to offer “personal infinite intelligence.’

              The platform, originally slated to launch by the end of Q1 2025, will be able to directly interact with and facilitate payments made using USDt and Bitcoin through a peer-to-peer network.

              It will not use API keys or depend on a single point of control. Instead, Tether AI will feature a fully open-source AI runtime operating on an intentionally resilient and censorship-resistant peer-to-peer network deeply integrated with Tether’s open-source Wallet Development Kit (WDK), which was released in November 2024. By leveraging the WDK, Tether aims to facilitate self-custodial (or non-custodial) management of USDt and Bitcoin.

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

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

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              This post appeared first on investingnews.com

              Japan’s Emperor Emeritus Akihito will be admitted to hospital for heart tests on Tuesday, public broadcaster NHK reported, citing the Imperial Household Agency.

              Akihito, 91, who is retired, is the father of Emperor Naruhito. He abdicated from the Chrysanthemum Throne in 2019, seven years after he had heart bypass surgery.

              The former emperor will undergo tests at the University of Tokyo Hospital after signs of myocardial ischemia were found during a regular checkup last month, NHK reported, citing the Imperial Household Agency. The condition reduces blood flow to the heart muscle.

              Akihito, who ascended to the throne after his father, Hirohito, died in 1989, became the first Japanese monarch in 200 years to abdicate his post.

              He cited health reasons for standing down, having undergone heart surgery and been treated for prostate cancer in the years preceding his abdication.

              A man prepared to break with tradition, Akihito was the first Japanese emperor to marry a commoner, speak to his subjects live on television, and be hands-on in raising his children.

              The emperor is a ceremonial but revered figure in Japan’s constitutional monarchy. It is the oldest hereditary monarchy in the world, dating back 14 centuries.

              This post appeared first on cnn.com