Investment Learning

  • November 20, 2024

Exxon Mobil's Lithium Leap: 100,000 Metric Tons To Fuel LG Chem's US Plant

Exxon Mobil Corporation (NYSE:XOM) inked a non-binding MOU for a multiyear agreement with LG Chem, a chemical company with a diversified business portfolio. According to this, ExxonMobil will supply up to 100,000 metric tons of lithium carbonate from its planned U.S. project to LG Chem’s upcoming cathode plant in Tennessee, which is set to be the largest in the U.S. LG Chem’s Tennessee cathode plant, which began construction in December 2023, is projected to produce 60,000 tons annually. The fac

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  • November 20, 2024

Market gains heavily dependent on Nvidia, tech: Strategist

Markets are bouncing back from sharp declines earlier in Tuesday's session stemming from geopolitical uneasiness, but investors are remaining cautious around shorter-term performances.Managing director and global head of technical strategy at Fundstrat Global Advisors Mark Newton joins Market Domination Overtime Host Josh Lipton to unpack what’s ahead.While tech stocks have lagged recently, Newton points out that sectors like financials, industrials, and communication services have helped “to buoy the market and do the dirty work.” Newton emphasizes the importance of companies like Nvidia (NVDA) within the tech sector in driving future gains. Nvidia is set to release third quarter earnings results tomorrow, November 20. ​​To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Cindy Mizaku.

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