Author: Lucas

Cornish Metals has received a significant boost in its efforts to revive the historic South Crofty tin mine, after securing a non‑binding Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) outlining up to US $225 million in potential financing support. The LOI, issued under EXIM’s Supply Chain Resiliency Initiative, highlights South Crofty’s potential role in strengthening the United States’ access to critical minerals—specifically, responsibly sourced tin concentrate. The potential financing is contingent on South Crofty supplying tin to the U.S. as part of efforts to build more resilient supply chains. South Crofty, near Pool, operated for more…

Photo Credit: musk_fan_daily/InstagramElon Musk just dropped a line online that has the internet talking. The tech billionaire shared a simple thought about money and happiness that has people debating and scratching their heads. It reads like advice you might hear from a friend, but coming from someone with a truly historic net worth, it landed in a very different way.The post read “money can’t buy happiness.” That brief message has now gone viral and sparked reactions ranging from jokes to serious discussion. Here’s what’s going on and why people are talking about it.A Billionaire’s Quiet ReflectionPhoto Credit: Elon Musk/XOn February…

The National Oil Corporation (NOC) announced on Wednesday the resumption of full operational activity at Al-Sarir Refinery, following the successful completion by the Arabian Gulf Oil Company of a major overhaul of the Crude Distillation Unit.The NOC said that crude oil was fed into the distillation unit at exactly 10:53 a.m., allowing the refinery to gradually rejoin the production line, after passing a series of rigorous technical tests to ensure the safety and readiness of operational systems.It added that the major overhaul was completed on 21 January in line with the approved schedule, followed by a comprehensive evaluation phase covering…

Eveready Industries posted a mixed set of earnings for Q3 of FY26 on Thursday, February 5, with net profit down 42.3% year-on-year to ₹7.5 crore. The same for the year-ago period was ₹13 crore. Revenue for the quarter ended December 31 rose 10% year-on-year to ₹367.2 crore from ₹333.5 crore, indicating steady topline growth. Battery remained the biggest contributor to revenue with ₹252.1 crore, which is up 62% year-on-year. This is followed by lighting (₹89.5 crore) and flashlights (₹35.5 crore), up 24% and 9%, respectively, for the quarter.The company said demand remained steady across urban, rural, and mobility-led applications driven…

Chennai: After rebounding on Wednesday, gold and silver prices once again tumbled on Thursday. While gold lost Rs 3600 per 10 gm in the domestic spot market, silver made a bigger correction of Rs 30,000 per kg. Silver ETFs too declined around 12 per cent after the metal prices fell. However, UBS has predicted that gold prices can climb $6200 this year.In the international gold prices fell 4.65 per cent of $234 per ounce to $4789 and silver declined more by 18.6 per cent to $73.57 per ounce. In the Multi-Commodity Exchange, the correction was milder. Gold dropped by 3.75…

DailyForex.com was founded at a time when online forex information was fragmented, noisy, and often unreliable. Since 2008, the platform has focused on doing something different: explaining markets clearly and consistently as they evolve.Over the years, DailyForex has followed multiple market cycles, policy shifts, and global crises, building a body of analysis that connects currencies, commodities, and macroeconomic events. This long-term perspective allows readers to understand not just what markets are doing today, but how economic forces shape price behavior over time. Source link

TLDR Strategy stock dropped 5.7% to $125.66 Wednesday, tracking toward its lowest close since September 2024 Canaccord Genuity maintained a Buy rating while cutting its price target from $474 to $185, a 60% reduction The company’s 713,502 Bitcoin holdings are valued at $53.6 billion as Bitcoin trades around $73,000 Strategy’s premium to Bitcoin assets compressed to 1.06x from previous multiples exceeding 2x Analyst expects Bitcoin to rally 20% in 2026 and Strategy to reach a 1.25x valuation multiple Strategy stock extended its losing streak Wednesday with a 5.7% decline to $125.66. The drop followed Canaccord Genuity’s decision to cut its…

Nigeria’s domestic refining capacity could receive a fresh boost as the Nigeria National Petroleum Company (NNPC) Limited opens talks with a Chinese petrochemical firm over the revival of one of its state-owned refineries.The disclosure was made by NNPC’s Group Chief Executive Officer, Bayo Ojulari, during a fireside chat at the Nigeria International Energy Summit 2026 held in Abuja on Wednesday, February 4, 2026.According to Ojulari, the move is part of a broader strategy to bring in experienced refinery operators as equity partners to turn around NNPC’s four refineries after years of losses, weak utilisation, and operational underperformance.What they are sayingOjulari…

India’s largest state-owned refiner, Indian Oil Corporation (IOC), saw its net profit surge four times for the quarter ended December 31 compared to a year earlier as falling crude oil prices boosted refining margins.  Indian Oil reported on Thursday a standalone net profit of $1.34 billion (121.26 billion Indian ‌rupees) for the October-December quarter, which is the third quarter of its 2025/2026 fiscal year ending on March 31, 2026. That’s a fourfold jump compared to the net profit of $318 million (28.74 billion rupees) for the same quarter of the previous fiscal year, as crude oil prices slumped in the…

For Ray Dalio, gold hasn’t lost its shine.While many metal investors are likely still shaken by gold’s 12% plunge last Friday, the famed hedge fund founder said he wasn’t fazed by gold’s big drop. That’s because bullion is still a safe-haven asset, Dalio said, making the case for why gold should still be a part of investors’ portfolios at the World Governments Summit on Wednesday.Speaking at the conference in Dubai, the Bridgewater founder noted that gold was still held in large amounts by the world’s central banks. Bullion surpassed the euro as the second-largest reserve asset last year.”I think if…