Top Stories This Week: Silver's Lowest Possible Price, Latest Lithium Results | Summary and Q&A

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September 4, 2020
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Investing News
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Top Stories This Week: Silver's Lowest Possible Price, Latest Lithium Results

TL;DR

This week's analysis covers the surging silver price, the impact of COVID-19 on the lithium sector, the potential influence of the upcoming U.S. election on the resource industry, and the challenges faced by cannabis beverage companies.

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Questions & Answers

Q: What is the 90th percentile price for silver, and how does it impact mining operations?

The 90th percentile price, currently $19 per ounce, determines whether high-cost mining operations can remain operational. If the price is above this level, it incentivizes operations; if below, some mines may have to close.

Q: How has the lithium sector been affected by COVID-19?

All major lithium producers have experienced hardships due to the pandemic. Tianqi Lithium reported a net loss of around $696 million for the first half of 2020. However, industry leaders remain confident in the long-term outlook for the lithium market.

Q: Has the mining industry benefited from Trump's presidency?

The INN conducted a poll on Twitter to assess this. While the results were ongoing at the time of recording, a small majority of respondents indicated that the mining industry has benefited from Trump's presidency.

Q: What challenges do cannabis beverage companies face in bringing their products to market?

Michelle Sundquist of Source Technology highlighted the challenges of consumer acceptance and timing. While beverages present a significant opportunity, companies need to understand their target audience and ensure they launch their products at the right time to maximize success.

Summary & Key Takeaways

  • Silver prices have surged this year, prompting questions about its lowest possible price. Experts suggest that the 90th percentile price, which is currently $19 per ounce, determines the viability of high-cost mining operations.

  • The lithium sector has been affected by COVID-19, with major producers reporting hardships. However, industry leaders express optimism about the long-term prospects of the lithium market.

  • The upcoming U.S. election is expected to impact the resource industry. The Investing News Network (INN) conducted a poll on Twitter to gauge whether the mining industry has benefited from Trump's presidency.

  • INN interviewed Michelle Sundquist of Source Technology, who discussed the challenges faced by cannabis beverage companies and the need for market timing in this emerging sector.

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