NVIDIA Sell-Off / Intensifying Trade Tensions / Lithium's Looming Revival

Key Highlights

1. Last week, metals prices and the S&P 500 retreated amid a stronger US$. We expect continued market volatility in the coming weeks.

2. Equity markets were also impacted by a sell-off in NVIDIA (NASDAQ: NVDA) following a U.S. Department of Justice subpoena for potential antitrust violations.
3. Shares of a gold junior under coverage were up 15% last week
4. The lithium sector faced two major setbacks last week.
5. Trade tensions between China and the West intensified, with Canada imposing a 100% tariff on electric vehicles, and a 25% tariff on steel and aluminum.