Debt ceiling hamster wheel

The debate over the US debt ceiling is creating uncertainty and causing people to worry. Not me. As the debt-ceiling-debate-hamster-wheel revolves again, let the Lizard King be clear: “THERE IS NO CHOICE!”
Lift the ceiling, or the world will implode – simple as that.

Meanwhile, Van Diemen’s quarry continued on the up and up for my darling precious yellow metal, staying over 2 tonnes and Oz US while lithium kept powering despite the Goobs.

This week, several high-level executives made a pitch for the good oil. It all began on Tuesday when Woodside CEO Meg Oneil expressed support for carbon-captured oil. The following day, BHP CEO Mike Henry stepped into the fray, doing a stellar job greenwashing its coal with a bright, multicommodity future headlined by the much more palatable copper, nickel and iron ore businesses. Then on Thursday, Chevron dampened Ms Oniel’s spirits somewhat, admitting their flagship carbon capture and storage project is years from reaching its total capacity. Oh lordy!! By the end of the week, this knowledgeable reptile could take no more and slide under a rock.

IPO to $10.6 billion ASX superstars, Allkem inspired other hopefuls this week following its historic merger amid a resurgence of the essential battery metal. As I consistently predicted, the relatively large lithium plunge was just a little pothole along the superlong demand runway highway of escalating demand —the party continues, and the Goobs are not invited!

This week, Lake Resources (ASX: LKE) made significant progress at its Kachi project in Argentina, producing 2,500kg of lithium carbonate equivalents. This achievement is noteworthy as it marks the first time that a lithium brine project in South America has produced lithium commercially without relying on evaporation ponds for lithium concentration. Small Caps had a strong showing overall, with Lake Resources being a standout performer.

Sayona Mining (ASX: SYA) has reported that North America now has the most considerable lithium resources totalling 51.4 million tonnes @ 1.31% Li2O. Imugene (ASX: IMU) has received approval to begin patient recruitment and dosing for a Phase 1 clinical study for their analytics platform, targeting patients with solid tumours. Additionally, MTM Critical Minerals experienced a successful performance on the ASX after entering the Canadian lithium market. This achievement is a testament to their hard work and dedication during a challenging year.

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