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Tungsten Miner Soars After Billionaire Forrest Takes 17% Stake
Tungsten Miner Soars After Billionaire Forrest Takes 17% Stake
Australian mining billionaire Andrew Forrest, founder and executive chairman of iron ore giant Fortescue, has agreed to acquire Oaktree Capital's entire 16.8% stake in the Sydney-listed tungsten producer EQ Resources.
Shares of EQ Resources in Sydney surged 34% on Monday following news of the transaction, which is valued at about 190 million AUD ($133 million) based on Friday's close. The deal covers 862.1 million shares and 35.6 million options.
Forrest's most likely reasoning for the deal is that EQ Resources controls one...
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Jun 1, 2026 / Tyler Durden
Nvidia CEO Declares AI PC Reinvention A "New Beginning" On Par With Smartphone Shift
Nvidia CEO Declares AI PC Reinvention A "New Beginning" On Par With Smartphone Shift
Nvidia CEO Jensen Huang delivered the keynote address on Monday at GTC Taipei 2026, outlining the next evolution of AI compute.
Huang's presentation included updates on the Vera Rubin platform, a new lineup of Windows PCs developed with Microsoft for AI workflows, the launch of an enterprise agent toolkit, and next-generation AI infrastructure systems to accelerate data-center and agentic AI adoption.
A team of Goldman analysts, led by James Schneider, attended GTC Taipei 2026 and shared the top...
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Feb 21, 2026 / Tyler Durden
Japan's $36 Billion Bet On US Energy Dominance
Japan's $36 Billion Bet On US Energy Dominance
Authored by Irina Slav via OilPrice.com,
Japan has committed $36 billion as the first tranche of its $550-billion U.S. investment pledge under last year’s trade deal, including plans to build a 9.2 GW natural gas power plant in Ohio.
The remaining funds will support a synthetic diamond factory and the Texas GulfLink deepwater oil export terminal.
The massive gas plant reflects surging U.S. electricity demand — particularly from AI-driven data centers — with natural gas emerging as the preferred source of reliable baseload power.
Japan has...
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May 6, 2026 / Tyler Durden
Give Peace A Chance
Give Peace A Chance
By Benjamin Picton, senior market strategist at Rabobank
It was TACO Tuesday again in the United States this week as President Trump announced that he was pausing Operation Freedom “for a short period” after it had been underway for just one day. Channelling John Lennon, Trump indicated that progress in negotiations with Iran had convinced him to ‘give peace a chance’, but that the US blockade of Iranian ports would remain in place for now.
The Dow Jones, S&P500 and NASDAQ all closed higher and US stock futures...
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