Silver prices remain below $75 an ounce, with Bank of America predicting a possible rise to $100 by the fourth quarter of 2024. However, this rally is expected to be temporary as industrial demand weakens, particularly due to manufacturers reducing silver use or substituting it with cheaper alternatives. The solar sector's flat production in China and potential decline in installations also weigh on demand. Beyond 2024, silver prices are forecasted to return to around $75 by mid-2027, with investor demand becoming a key price driver amid a shrinking industrial deficit and potential market surplus. Trade negotiations in North America add further uncertainty to the silver market outlook.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
