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Chile eyes state-backed lithium push in far-flung salt flats

Chile’s Atacama salt flat may get all the attention when it comes to lithium, but the South American nation is looking to develop two lesser-known deposits of the mineral needed to power a global push into electric cars. Chile’s mining minister, Baldo Prokurica, told Reuters on a trip to the Atacama region the government had asked state-owned copper giant Codelco and smaller state miner National Mining Company, Enami, to forge ahead with lithium projects in the region. “It seems to me, to say the least, a sin that companies with lithium holdings like this are not even working …read more […]

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U.S. Supreme Court leans toward BP unit in Montana Superfund case

U.S. Supreme Court justices on Tuesday appeared inclined to shield a unit of British oil major BP Plc from claims seeking a more extensive cleanup of a Superfund hazardous waste site in Montana than what federal environmental officials had ordered. The nine justices heard arguments in an appeal by Atlantic Richfield Co of a Montana state court ruling allowing a group of private landowners within the sprawling site of its former Anaconda copper smelter in western Montana to bring their claims for restoration damages to trial. Liberal and conservative justices alike signaled their concern that landowners could interfere …read more […]

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Were Hedge Funds Right About Piling Into Freeport-McMoRan Inc. (FCX)?

With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was Freeport-McMoRan Inc. (NYSE:FCX). Is Freeport-McMoRan Inc. (NYSE:FCX) a bargain? Hedge […] …read more […]

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Hedge Funds Have Never Been This Bullish On Six Flags Entertainment (SIX)

While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […] …read more […]

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Hedge Funds Have Never Been This Bullish On Domino’s Pizza, Inc. (DPZ)

While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […] …read more […]