E Friday Market Report

The share was up 1.4% in European trading and then opened down 2.51% and dropped further before going up. It is very volatile but up 2.56% at this moment.

*Energy FuelsUUUU, today announced that the US Dept of Energy has agreed to pay $1.75 mn for feasability studies on producing rare earth from monazite by the company and Penn State. This supplements an earlier grand of $150,000 last year, a new order of magnitude. UUUUwas up 5.67% to $5.57. The study will explore cost to produce different rare earth oxides, metals, and alloys from Hyperion Metals in Tennessee and from mixed rare earths from Utah. It is now up 4.6%.

*Mexico's Cemex bought a new floating dredge to deliver production minerals from a Berlin firm, writes Eduardo Garcia in sentidocomun.com.mx. It will have capacity of 400 metric tonnes/hour and lower energy costs. Price was not given as Mexican inflation is at 6.05% annualized as of mid-April, normally a month of low price rises, but not this year. CX gained 2.9% here. Irish CRH rose 0.63%.

*Electric vehicle firm Nio is up 2.43% thanks to a new buy rating for the share from CLSA, a French bank, which also set a target price of $50 for NIO which opened up even higher.

*Vale, which hasn't cleaned up its tailings dams, reports after the close Mon. We own it indirectly as Canadian Franco-Nevada bought 14.7% of VALE bonds from Brazil Development Bank. We own Franco Nevada which accounts for 3.7% of the holdings of the Canadian General Fund, CGRIF.

*Swiss ABB, maker of electric helpers is up 1%. We also own it via Investor A/B, a fund managed by the Wallenberg Bank. IVSBF.

*Höegh LNG Partners LP, HMLP of Bermuda, is distributing a divvie of 44 cents per quarter, or $1.76/yr. It is a floating LNG tanker service, which runs on LNG itself. It gained 0.62% on the news.

*Azure Power of Mauritius which makes rooftop solar systems for India, is up 2.21%. I am not sure if solar helps provide oxygen which India desperately needs because of its Covid-19 outbreak. AZRE.

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William K. 1 month ago Member's comment

Again, an interesting article.

And while you are in Sunny England say "hello" to the metropolis of Birmingham, a place where I spent a year during one month. An interesting place indeed.

Vivian Lewis 1 month ago Author's comment

not Birmingham. we will stay mostly in London and maybe Devon