M&A in Uranium / Graphite Junior Soars / NVIDIA's Short-Lived Top Spot
Market Intel Weekly
M&A in Uranium / Graphite Junior Soars / NVIDIA's Short-Lived Top Spot
ByFRC Team
Key Highlights
Last week, global equity markets were up 0.8% on average, while metal prices were relatively flat. This week, all eyes are focused on U.S. GDP and core inflation data.
Paladin Energy’s (ASX: PDN) acquisition of Fission Uranium (TSX: FCU) is consistent with our earlier prediction that majors would pursue M&A to secure long-term supply.
Shares of a graphite junior under coverage were up 13% last week, following the approval of its mining licenses.
The Realized HODL ratio (RHODL) of Bitcoin (BTC) increased last week, suggesting potential for an uptick in near-term BTC prices
Major AI indices are down 1% WoW on average, but up 14% YoY.
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