The gold price fell below US$2,600 per ounce this week for the first time since mid-November.
The popular cryptocurrency has been on a tear since Donald Trump won the US presidential election in November, buoyed by the president-elect’s pro-crypto attitude and talk of a Strategic Bitcoin Reserve.
Powell’s comments had a dampening effect, pushing Bitcoin below US$100,000.
Fission’s main asset is its Patterson Lake South (PLS) project in Saskatchewan’s prolific Athasbasca Basin.
Paladin sees the asset as a “natural fit” for its portfolio, which also includes the Namibia-based Langer Heinrich mine. It said when the agreement was announced that it had the resources to advance PLS to production.
“There is overwhelming evidence that China dumps artificially cheap graphite into global markets, which is made possible by state-sponsored policies and massive subsidies,” said Erik Olson of the American Active Anode Material Producers.
The coalition is petitioning the US Department of Commerce and International Trade Commission to initiate a trade investigation and put tariffs on both natural and synthetic graphite from China.
While the US has a 25 percent tariff on most Chinese graphite, the group argues it’s “far too low.”
So far there hasn’t been a response from the government.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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