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Gold Prices Continue On An Uptrend – Is It The Right Time To Buy The Metal Now For Profits In 2024?

Priority Gold

By James Blacker, Benzinga Gold has had a remarkable run so far this year, continuing its strong performance from 2023. The precious metal ended last year at around $2,070 per ounce and, after an initial slide to below the $2,000 mark, shot up to a record high of over $2,450 in May. As we approach the latter half of 2024, gold has pulled back to around $2,300, but is still up around 11% since the start of the year and 27% since the October low of $1,813. Gold is typically seen as a hedge against inflation and economic uncertainty, so with inflation starting to slow, along with strong growth trends and equity markets, it might have come as a surprise to some that gold has performed so well this year. However, there are myriad factors driving the price of gold. Let’s look at some of these factors and what impact they could have on the gold price during the second half of 2024. The Federal Reserve’s Interest Rate Policy A critical factor affecting gold prices in the coming months will be the Federal Reserve’s stance on interest rates. This is because gold typically has an inverse relationship with interest rates, so a cut could mean that gold continues its uptrend. The Fed rate has remained within the range of 5.25%–5.50% since July 2023 after rising by 525 basis points over 11 consecutive hikes since March 2022 in response to rising inflation. It is at its highest level in 23 years, and many experts think a rate cut will come soon. Two-thirds of economists surveyed by Reuters in May said the Fed will cut its key interest rate twice this year, starting with a cut to 5.00%–5.25% in September. The proportion of economists with this view increased from just over half surveyed the previous month. It should be noted, however, that while inflation has slowed somewhat, it remains above the 2% target. The Fed has said that we are not likely to see an interest rate cut until inflation has fallen further, and there is even a risk that inflation could rise again. Economic And Geopolitical Uncertainty As a safe-haven asset, gold thrives in times of economic and geopolitical uncertainty. Russia’s invasion of Ukraine and the war in Gaza are likely contributing factors to the gold price surge over the last year. This economic uncertainty is driving consumers and investors in China to buy gold at a record pace. According to Goldman Sachs (NYSE: GS), it is this robust retail buying in Asia, coupled with central bank accumulation, that is underpinning the gold rally. Expert Predictions For 2024 With gold still in a strong uptrend, several financial institutions have updated forecasts made at the start of the year to reflect this ongoing strength. Bank of America (NYSE: BAC) initially predicted gold to reach $2,400 in 2024; it is now saying it could reach $3,000 by 2025. UBS (NYSE: UBS) previously predicted that gold would reach $2,200 in 2024. In its latest forecast, it says it will reach $2,600. Goldman Sachs has updated its forecast from $2,133 to $2,700. Citi (NYSE: C) now predicts the price of gold will rise to $3,000 by 2025, after a previous forecast of $2,400 this year. Time To Buy Gold? As we look toward the second half of 2024, several key factors point to a continued upward trajectory for gold. With ongoing geopolitical uncertainty, it remains a sought-after asset, while many expect the Federal Reserve to cut interest rates later this year. Expert predictions remain bullish, with some financial institutions even predicting a price of $3,000 by 2025. Investors looking to add gold to their portfolio might want to consider a company like Priority Gold, which provides access to a wealth of knowledge, resources and guidance to navigate the complexities of precious metals investment. Explore options with Priority Gold to capitalize on this trend and secure your financial future by clicking here. Featured photo by Jingming Pan on Unsplash. Priority Gold is known as "America's Precious Metals Dealer" and is one of the leading precious metals retailers in the United States. Headquartered in Dallas, Texas, the company focuses on helping customers diversify their savings and retirement holdings with precious metals. They are also proud partners of the World Champion Texas Rangers major league baseball team! Since its inception in 2015, Priority Gold has played a pivotal role in facilitating IRA rollovers into gold and silver, collaborating with Preferred Trust Company to provide custody services. The company has earned top accolades such as an A+ rating from BBB, AAA rating from Business Consumer Alliances, and a 5-star rating on Trustlink. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Alex Lin alex.l@prioritygold.com Company Website https://prioritygold.com/

June 25, 2024 09:00 AM Eastern Daylight Time

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Bitdeer (NASDAQ: BTDR) Scores Bullish Rating From Top Wall Street Firm Cantor Fitzgerald

Benzinga

By Gerelyn Terzo, Benzinga Wall Street firm Cantor Fitzgerald has recognized Bitcoin mining company Bitdeer as a leader in the industry, and as an emerging key player in the high-performance computing sector. Cantor Fitzgerald’s Brett Knoblauch has initiated coverage on the Bitcoin mining stock with an overweight rating. Additionally, Knoblauch assigned a $13 price target, reflecting upside potential of 44% as of mid-June. In response to the positive note, Bitdeer shares ballooned by 33% to a market capitalization of over $1.2 billion. Buying has been on higher-than-usual trading volume, reaching 4.3 million shares in a display of strong conviction among bullish investors. Knoblauch is particularly impressed by Bitdeer’s commercial Bitcoin mining capacity, fueled by the expansion of its SEALMINER technology. He believes it could catapult Bitdeer to the top of the heap among publicly traded Bitcoin mining companies as internal mining rig development indicates vertical integration and positions Bitdeer as a key vendor in a niche hardware market. Cantor’s Knoblauch pointed to several other catalysts fueling his growth outlook on the company, including Bitdeer’s diversified business model. In addition to Bitcoin mining chip production, Bitdeer is engaged in self-mining (via the company’s proprietary account ), artificial intelligence (AI)-based cloud computing services and cloud hashrate, a unique business unit that offers mining rig subscription plans and shares mining income with select customers. Bitdeer boasts half a dozen data centers, which host servers minting newBitcoins into supply, strategically located across the United States, Norway and Bhutan. The company is on pace to increase its hash rate - which measures a network’s computing power and efficiency – by an impressive 3.4EH/s this year. That captured the attention of Wall Street analysts, including Cantor Fitzgerald. Bitdeer’s performance coincides with the batch production of its cutting-edge SEALMINER A1 rigs, boasting a power efficiency of 18.1J/TH. Bitdeer is in the midst of an aggressive expansion of its data centers comprising the addition of 1,079 MW of power, which stands to bolster its mining speed by close to 60 exahash (EH) per second, enhancing its competitive position even further. As part of this growth, Bitdeer is targeting an increase in its self-mining capacity from 7 EH, currently comprising 1% of global Bitcoin mining, to 30 EH. With Bitdeer’s stock trading below its 52-week high, Cantor suggests the market isn’t fully appreciating Bitdeer’s potential in this bullish Bitcoin-price environment. Wall Street Analysts United In Bullish Outlook On Bitdeer Stock In 2024 Cantor Fitzgerald also previously identified Bitdeer as a leading listed Bitcoin miner poised for continued profitability in a post-Bitcoin halving environment. As of early 2024, Bitdeer’s mining cost-per-coin hovered below $18,000, due to its cost and energy efficient mining rig technology coupled with an attractive hashrate. Meanwhile, the Bitcoin price is currently hovering at $64,000 per coin. Cantor Fitzgerald isn’t the only analyst firm that’s turned more bullish on BTDR shares of late. Earlier this month, ROTH Capital Partners reiterated its buy rating on Bitdeer stock, with a bullish price target of $14 per share attached. ROTH issued the positive outlook in response to Bitdeerr’s recent acquisition of Application-Specific Integrated Circuit (ASIC) design company Desiweminer. Not to be outdone, fellow analyst firm BTIG in Q1 initiated coverage of Bitdeer stock with a buy rating, citing the company’s “competitive power infrastructure.” Bitdeer: On The Precipice Of A Breakout There’s a reason that Bitdeer is getting noticed now. The company appears to be on the precipice of a breakout in which it is advancing closer toward its long-term development targets. In April, the Bitcoin-halving month, the company was responsible for mining 265 Bitcoins, a year-over-year increase of nearly 14%. In the midst of its growth, Bitdeer’s data centers have maintained stable operations, owing largely to attractive power pricing agreements it has secured for these sites, the company says. All seven Wall Street analysts covering Bitdeer have assigned buy ratings to the stock. With an average price target of $14.08 per share, the stock is seemingly undervalued with a runway for another 54% in capital appreciation. Investors who are seeking to gain diversified exposure to the Bitcoin mining sector and the next-generation of ASIC chip design could consider the advice of these Wall Street experts. Featured photo by lo lo on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 25, 2024 08:50 AM Eastern Daylight Time

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Influencers Are Driving Consumers To Discount Clubs And Major Retailers Like Costco Finds IZEA’s Latest Survey

Benzinga

By James Blacker, Benzinga As digital marketing continues to evolve and consumer behavior is increasingly swayed by social media personalities, influencer marketing has become a critical strategy for brands aiming to expand their reach. Recent research by IZEA Worldwide (NASDAQ: IZEA) sheds light on the powerful impact that influencers have on purchasing decisions at discount clubs and major retailers, driving sales in brick-and-mortar stores such as Costco (NASDAQ: COST), Sam’s Club (NYSE: WMT) and BJ’s (NYSE: BJ). Based on a survey of over 1,100 U.S.-based consumers, the report reveals that 68% of respondents have an active membership at a discount club store. The percentage of influencers with an active membership is a notable 81%, of whom 93% have recommended a product they purchased inside a store to someone else. This shows that influencers not only promote these clubs to drive consumer interest but also participate in these clubs themselves. Influencer-Driven Purchasing Decisions IZEA’s report underscores how effective influencers can be in getting people to buy products. Among the respondents, 58% said they had purchased a product after seeing it being used by an influencer. Broken down by the discount club, 74% of BJ’s members have made an influencer-driven purchase, compared to 68% of Sam’s Club shoppers and 66% of Costco shoppers. Interestingly, influencer posts were shown to have the greatest impact on product consideration compared to other forms of marketing. This is the case across all age groups, but especially so for the 18-29 age group, with 39% of this demographic saying influencer posts are the most likely to persuade them to try a product. In terms of content preferences, short video content emerged as the most influential medium, with 41% of respondents in the 18-29 age group saying it is the type of content most likely to drive them to a store to make a purchase. Another revelation was that discount club members are also likely to search on social media before making a purchase, with 41% of BJ’s club members indicating that they do this. YouTube was the top platform used for this kind of product research. “Our latest report provides fascinating insights into the intersection of influencer marketing and discount club memberships,” said Ted Murphy, IZEA CEO and founder. “When it comes to shopping at brick-and-mortar locations, Influencers are significantly more likely to drive purchases at discount clubs among club members. This is especially true for Costco members, who are 2.3 times more likely to make their influencer-inspired purchases at the store vs. Target or Walmart.” Strategic Opportunities For Brands With IZEA The findings from this report highlight the significant opportunities available for companies to partner with influencers to boost sales through discount clubs. As a trailblazer in the influencer marketing space, IZEA offers a suite of tools and services designed to facilitate these partnerships and help make the most out of them. The company’s award-winning, next-gen influencer marketing platform, IZEA Flex, connects creators with brands to facilitate collaborations. Brands can also use it to track and measure campaign performance with detailed analytics. IZEA furthermore offers a suite of AI tools called FormAI, which brands and creators can use to create high-quality content. IZEA's recent research underscores the growth potential of influencer marketing. As a leader in the space, IZEA seems well-positioned to continue helping brands leverage this increasingly relevant form of digital marketing. To read the full report and learn more about IZEA’s services, visit the company’s website. Featured photo by Grant Beirute on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 25, 2024 08:45 AM Eastern Daylight Time

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Kartoon Studios Gears Up To Launch Most Ambitious Project Yet With New Winnie-The-Pooh Franchise; Backed By $30M Of Non-Dilutive Financing From Catalyst Venture Partners

Benzinga

By Meg Flippin, Benzinga Winnie-The-Pooh, the classic novel by A.A. Milne, has warmed our hearts, opened our imaginations and kept us enchanted for decades. It has also made its licensees a lot of money. After all, the franchise has generated over $80 billion in sales over the past forty years and is estimated to generate $3 to $6 billion in annual revenue for Walt Disney Co. (NYSE: DIS). It's also the subject of the next big project from Kartoon Studios (AMEX: TOON), a global company specializing in creating, producing, distributing, marketing and licensing entertainment brands. Kartoon Studios ’ Winnie-The-Pooh is the most ambitious project yet for the company, encompassing an animated holiday movie, five holiday specials and a four-year/104-episode series and 5 Holiday specials to premiere on Amazon.com Inc.’s (NASDAQ: AMZN) Amazon Prime Video, via Kartoon Channel!’s subscription service on the platform. Concurrently, the global retail program will kick off with the debut of products featuring an array of special features, distributed through Alliance Entertainment Corporation (“AEC”)(NASDAQ: AENT), which distributes to Walmart Inc. (NYSE: WMT), Barnes & Noble and Amazon. At launch, AEC will debut an exclusive steel case video package with unique bonus features as part of Kartoon Studios’ global merchandise program. The series is being financed through non-dilutive joint venture production financing of $30 million provided by WTP SPV 1, a subsidiary of Catalyst Venture Partners. “We have committed to provide $30 million to the Special Purpose Joint Venture for this exciting new version of A.A. Milne’s ‘Winnie the Pooh’ from Kartoon Studios, which is non-dilutive to any of TOON’s existing stakeholders. Being able to participate in a timeless and proven children’s classic such as Milne’s ‘Winnie-The-Pooh,’ through the production of original animated content and the licensing of consumer products from those proprietary character designs and stories, is a unique opportunity we are very excited about,” said Steven A. Horowitz, Sr. Managing Director of WTP SPV. “Andy Heyward and the team at Kartoon Studios have a long history of producing hit properties for children. An all-star array of award-winning talent across development, production, marketing, consumer products, and distribution has been assembled to manage the brand launch, and we are excited to be a part of what we are confident will be a hugely profitable and enduring business.” It Doesn’t Get Any More Iconic “Disney created an iconic and tremendously successful global brand with ‘Winnie-the-Pooh’ that we have all admired so much. When the property went into the public domain, we knew we could only undertake creating Pooh for a new generation, if we could bring a completely different and unique look that was contemporary, protectable, and gave voice to the characters and stories created by A.A. Milne, as has never been done,” said Kartoon Studios Chairman & CEO Andy Heyward when announcing the deal. “We are thrilled to launch with Amazon Prime Video, and Alliance Entertainment distributing through Walmart, Barnes & Noble, and Amazon, to deliver unique and exceptional content, as we build out a new iteration of this entertainment brand and Winnie-The-Pooh branded consumer products to the global marketplace.” Been There, Done That Kartoon Studios has a lot of experience with merchandising around a popular franchise. This spring Kartoon Studios – which is the controlling partner of "Stan Lee Universe, LLC" – unveiled a new dedicated storefront on Amazon, exclusively featuring products related to Stan Lee. This Stan Lee storefront, powered by Meteor, offers a wide range of branded apparel and merchandise adorned with graphics that pay homage to the legendary "Godfather of Comics." This new storefront further enhances the brand's connection with its digital community of passionate fans. Kartoon Studios also has a YouTube channel dedicated to everything Stan Lee for his legions of fans – “Stan Lee Presents,” now rebranded to Cinematica – which features a diverse range of content sourced from Stan’s personal archives, digital Stan Lee comic books, exclusive interviews, behind-the-scenes footage, seldom-seen historical materials as well as sneak peeks of upcoming projects from the Stan Lee Universe. Kartoon Studios plans to take a similar approach to merchandising around Winnie-the-Pooh. The Amazon series is in pre-production and will kick off with the animated Christmas movie, set to premiere December 24, 2025, on Amazon Prime Video through Kartoon Channel!’s $3.99/month subscription distribution arrangement. Alongside the movie, Alliance Entertainment will distribute steelcase videos with plush and a unique array of special features. through its retail and online partners. The company is developing its Winnie-the-Pooh content with what it says is a unique “yarn-based” design and palette for the characters and backgrounds, along with original modern stories inspired by Milne’s beloved classic books. The imagined yarn gives the characters depth and warmth, reports Kartoon Studios. The stories will be told in a “Seussian style” rhyme to provide an enriched dimension. AI In The Driver’s Seat To achieve all that, Kartoon Studios is leveraging artificial intelligence. “In designing ‘Kartoon Studios’ Winnie-The-Pooh,’ using both AI and by hand, the unique look of the characters and backgrounds could not have been imagined prior to the advent of AI in our industry,” said Heyward. “Moreover, our use of AI will enable us to bring a level of efficiency, speed to market, and creativity to the production heretofore not possible.” Kartoon Networks is aiming to lift families' spirits with Winne-the-Pooh focusing on its goodness, grounded in family, friendship, kindness and love. Those are values Kartoon Studios’ version of Pooh will showcase. If Kartoon Studios is able to replicate its prior success, the news could bring cheer to fans and investors alike. Featured photo by Annie Spratt on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 25, 2024 08:40 AM Eastern Daylight Time

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Superlab Suisse opens state-of-the-art facility in Basel, fostering new spaces for scientific breakthroughs

Superlab Suisse

For life sciences and biotech companies, access to affordable dedicated lab spaces is hard to come by. Labs are prohibitively expensive to build and operate, posing significant financial barriers to innovation and research. A cutting-edge new alternative is being offered by Superlab Suisse, a leading provider of innovative laboratory and research spaces that today announces the grand opening of its newest facility in Basel. With this new facility, Superlab Suisse becomes the largest private lab space in Switzerland. Opening in July 2024, following the success of the Lausanne location supported by Biopôle Lausanne and InnoVaud, the expansion marks a significant milestone in Superlab Suisse's mission to provide research infrastructure to Switzerland's dynamic life sciences sector. Forging ahead with its successful partnership with Swiss Prime Site, Superlab Suisse is set to open the door for huge commercial opportunities in the ideally suited location of Basel, a booming biotechnology hub and home to over 700 companies including pharmaceutical giants like Novartis and Roche. The new facility, nestled within the bustling Stücki Park with neighbours like Tech Park Basel, Lonza, Medartis, NBE, and Boehringer Ingelheim, offers ready-to-use laboratory spaces equipped with the latest technology and essential operational support services, allowing teams to channel their resources into scientific research rather than lab operations. Spanning over 4770 square metres, it promises to be a nucleus of scientific collaboration and breakthrough, redefining laboratory services in Basel. "We are thrilled to bring Superlab Suisse's innovative platform to Basel, the city of Pharma," says Xi Zhang, CEO of Superlab Suisse. “Our holistic solution frees scientists from operations headaches, so they can save time and focus on science. We service, you discover”. Life sciences and biotech companies have until now lacked the widely accepted lab solutions that have benefitted industries such as tech and finance. Universities have typically been the only viable option, with lab construction and operation requiring significant upfront investments — costs which redirect attention away from research and delay progress in getting products to market. Superlab Suisse's serviced BSL1 and BSL2 labs provide a new industry standard of lab solution. Users in one location such as Basel also gain access to facilities in Lausanne and other locations. By delivering ready to move in lab solutions for life science companies of all sizes, including startups, scale-ups, and corporates, Superlab Suisse eliminates the hurdles of lab construction and operation. One of the first companies to secure their space at the opening is Skyhawk Therapeutics, which has recently announced a research collaboration with Ipsen focusing on RNA targeting in rare neurological diseases. In addition to the Basel location, Superlab Suisse continues its commitment to innovation with plans for a third site in Zurich Schlieren. This new facility, scheduled to open in March 2025, will cater to the diverse needs of start-ups, spin-offs, and established companies in the life sciences sector, further solidifying Superlab Suisse's position as a leader in laboratory-as-a-service solutions. This one-stop solution not only solves the true problems of life science companies but also attracts like-minded innovators to meet and collaborate. Superlab is expanding this year to more cities in Europe, the US, and Asia, embodying a borderless lab concept because life science benefits humanity as a whole. Dr. Rajwinder Lehal, CEO of biotech business Cellestia commented: “Superlab is exactly the place which the scientific community needs, where we can concentrate on our work without being distracted by construction or operation. Superlab provided us with state of the art infrastructure and equipment that we needed to hit the ground running from day 1.” Emmanuel Savioz, CEO & Chairman, Tigen Pharma commented: “Superlab is a great place to work in a vibrant scientific community. Our team at Tigen can focus on growth, supported by state-of-the-art facilities, latest equipment and a competent and fun Superlab team to support on-site”. About Superlab Suisse AG Superlab Suisse AG offers innovative laboratory solutions through its "Lab as a Service" business concept. With state-of-the-art facilities, professional services, and financing support, Superlab Suisse empowers companies in the biotech, pharma, and medtech sectors to focus on research and innovation. About Swiss Prime Site AG Swiss Prime Site is the largest real estate company in Switzerland and one of the leading commercial property companies in Europe. The real estate portfolio spanning across densely populated areas is valued at approximately CHF 26 billion and includes own properties – with about CHF13 billion commercial properties and development projects – as well as ones managed on behalf of third parties with about CHF 13 billion AuMs invested in residential and commercial buildings. Contact Details Superlab Suisse Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://superlabsuisse.com/

June 25, 2024 07:00 AM Eastern Daylight Time

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Volta Metals begins next phase of exploration at Falcon West Lithium Property

Volta Metals Ltd

Volta Metals CEO Kerem Usenmez joined Steve Darling from Proactive to announce the commencement of the 2024 exploration campaign at the company's northwestern Ontario properties, including the Falcon West Lithium Property. This property yielded promising results in the last round of exploration, with ten out of eleven diamond drill holes intersecting multiple broad zones of high-grade lithium mineralization. Highlighted results included 1.24% Li2O over 15.6 metres, 1.11% Li2O over 10.2 meters and 1.50% Li2O over 5.15 meters Usenmez detailed that the 2024 exploration program will involve systematic soil sampling, trenching, and detailed structural geology work. Initial soil sampling will focus on targets generated from a detailed magnetic survey and 2023 soil sampling. This program aims to screen highly prospective target areas around the newly discovered high-grade lithium pegmatite swarm. The first phase of exploration will take place at the Junior Lake project, involving the collection of surface exploration data, including structural and alteration mapping, prospecting, sampling, and utilizing a handheld Laser Induced Breakdown Spectroscope for rapid real-time sample analysis to support field follow-up. These efforts underscore Volta Metals' strategic focus on advancing its exploration activities and enhancing its resource base in the highly prospective lithium-rich regions of northwestern Ontario. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

June 25, 2024 07:00 AM Eastern Daylight Time

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CWG Markets Triumphs at 2024 Hong Kong Wiki Finance Expo with "Best Forex Trade Execution"

Rev Up Marketers

The highly anticipated Hong Kong Wiki Finance Expo has successfully concluded, marking another milestone in the financial industry. CWG Markets, a renowned global financial services provider, participated in the event and was honored with the prestigious "Best Trade Execution Award." This accolade highlights CWG Markets ' exceptional trading services and robust security measures, reinforcing its leading position in the global financial markets. The expo, themed "Shaping the Future of Fintech," brought together financial technology leaders, innovators, and decision-makers from around the world to discuss advancements and future trends in the industry. CWG Markets showcased its latest fintech innovations, earning high praise and recognition from industry experts. Held at the Hong Kong International Trade Centre, attendees had the opportunity to explore CWG's newest products and cutting-edge technologies while enjoying panoramic views of Victoria Harbour from the Sky100 observation deck. At the award ceremony following the expo, CWG Markets was celebrated for its outstanding performance in trade execution. The "Best Trade Execution Award" acknowledges the company's superior speed, accuracy, and reliability in trade processing, demonstrating its competitive edge in the global financial market. CWG Markets' excellence in trade execution is attributed to its adoption of state-of-the-art trading technology, which ensures that every order is executed within milliseconds, significantly reducing slippage and latency risks. The company's robust technical support and stable trading platform, combined with stringent risk management and monitoring systems, ensure precise and secure execution of all trades, safeguarding users' funds. Sami Rissaoui, CWG Group's Head of Business Development, accepted the award on behalf of the company. In an interview, Rissaoui remarked, "Receiving the 'Best Trade Execution Award' at such a prestigious fintech expo is the highest recognition of our team's hard work. As a company regulated by the UK Financial Conduct Authority (FCA) and a member of the London Stock Exchange, CWG Markets is dedicated to providing the highest quality trading experience for our users. We will continue to drive fintech innovation and enhance our services to create greater value for our clients." As a globally recognized financial services firm, CWG Markets has earned the trust of its users through stringent regulatory compliance and exceptional service quality. Looking ahead, CWG Markets remains committed to the dual principles of innovation and service excellence. The company aims to lead the global fintech sector, offering superior services and unparalleled trading experiences to its users. About CWG Markets CWG Markets is a globally recognized financial services provider, regulated by the UK Financial Conduct Authority (FCA). Specializing in forex and CFD trading, CWG Markets offers a range of advanced trading solutions designed to meet the needs of both retail and institutional clients. With a commitment to innovation, security, and service excellence, CWG Markets delivers a seamless trading experience backed by cutting-edge technology and robust risk management practices. For more information, please visit www.cwgmarkets.com. Contact Details CWG Markets Sami Rissaoui +60 1-800-81-9380 complaint@cwgmarkets.com Company Website https://cwgmarkets.com/

June 25, 2024 05:06 AM Eastern Daylight Time

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SIGMA Announces Launch Schedule of SIGMA 18-50mm F2.8 DC DN | Contemporary for Canon RF Mount

SIGMA CORPORATION OF AMERICA

SIGMA Corporation of America, the US subsidiary of SIGMA Corporation (CEO: Kazuto Yamaki. Headquarters: Asao-ku, Kawasaki-shi, Kanagawa, Japan) is pleased to announce pricing and availability of the SIGMA 18-50mm F2.8 DC DN |Contemporary for the Canon RF Mount System. It is the smallest and lightest F2.8 standard zoom for crop-sensor mirrorless cameras*. This is the first lens from SIGMA to be released for Canon RF Mount, and the lens offers a 28.8-80mm full-frame equivalent focal range on Canon APS-C format mirrorless cameras. R etail price is $599 through authorized US retailers, and the lens will be available in mid-July 2024. The SIGMA 18-50mm F2.8 DC DN | Contemporary is currently available for Sony E-mount, L-Mount, and Fujifilm X Mount camera systems. *since time of original release in October 2021, and effective June 2024. Launch schedule of SIGMA 18-50mm F2.8 DC DN | Contemporary for Canon RF Mount SIGMA Corporation is pleased to announce the launch schedule of SIGMA 18-50mm F2.8 DC DN｜Contemporary for Canon RF Mount. Supplied accessories: PETAL-TYPE HOOD LH582-02, FRONT CAP LCF-55 III, REAR CAP LCR II Mount: Canon RF Mount Launch: July, 2024 * Product appearance and specifications are subject to change. #SIGMA #SIGMA1850mmF28Contemporary #SIGMAContemporary #SIGMADCDN #SIGMARFMount A large F2.8 aperture zoom lens that need never leave your camera. This exceptionally light, bright, and sharp standard zoom for crop-sensor mirrorless cameras is the ultimate workhorse lens. 【Long-awaited Canon RF Mount addition】 SIGMA's first APS-C size mirrorless dedicated zoom lens, the SIGMA 18-50mm F2.8 DC DN | Contemporary, will now be available for the Canon RF Mount. This addition allows users to enjoy high-performance, and high-quality SIGMA zoom lenses in native mount on their Canon RF Mount system. A control algorithm including AF drive and communication speed optimization has been developed specifically for Canon RF Mount interchangeable lenses. In addition to realizing high-speed AF, the lens also supports Servo AF and in-camera aberration correction*. The mount is rubber-sealed to cater for use in a variety of environments. * Available on supported cameras only. Mount Conversion Service is available to convert other mounts of SIGMA 18-50mm F2.8 DC DN｜Contemporary to Canon RF Mount. 【Features】１．Large F2.8 aperture and superb image quality The compact body offers a versatile full-frame equivalent zoom range of 28.8mm to 80mm, a wide aperture of F2.8 throughout the entire zoom range that allows you to enjoy bokeh expressions, and sharp images achieved by the latest optical design technology. With a minimum focusing distance of 12.1cm and a maximum magnification of 1:2.8 *1, it allows photographers to take advantage of the compact shooting system, such as shooting close-ups of your subject. ２．Exceptionally compact and lightweight body ideal for mirrorless cameras The main feature of the SIGMA 18-50mm F2.8 DC DN | Contemporary is its overwhelmingly compact and lightweight body that maximizes the excellent portability and advantages of an APS-C mirrorless camera. Despite its large aperture of F2.8, it is the smallest and lightest in its class *2 boasting a maximum diameter of φ69.2mm, a length of 74.5mm and weight of 300g. *3 This makes the large-aperture standard zoom easy to carry around in daily life. *1 The minimum focusing distance and maximum magnification ratio are both values at the wide end. *2 As an AF compatible, F2.8 constant aperture standard zoom lens for APS-C (as of June 2024, by SIGMA). *3 Size and weight measurements given for Canon RF Mount version. 【Specifications】 Values are for Canon RF Mount Lens Construction：10 groups, 13 elements (1 SLD and 3 aspherical lenses)｜Angle of View (APS-C)：73.4°(W)-30.0°(T)｜Number of Diaphragm Blades：7 (rounded diaphragm)｜Minimum Aperture：F22｜Minimum Focusing Distance：12.1 (W) -30 (T) cm / 4.8 (W) -11.9 (T) in.｜Maximum Magnification Ratio：1:2.8 (W) -1:5(T)｜Filter size：φ55mm｜Dimensions (Diameter × Length)：φ69.2mm × 74.5mm / φ2.7in. x 2.9in.｜Weight：300g / 10.6oz. 【 Product Barcode 】 Canon RF Mount: 00-85126-58572-3 【 Accessories (Supplied) 】 Name of product / Product Barcode LENS HOOD LH582-02: 0085126 939694 FRONT CAP LCF-55 III: 0085126 930066 REAR CAP LCR II: For Canon RF Mount 0085126 941468 【 Accessories (Optional) 】 Name of product / Product Barcode SIGMA WR PROTECTOR 55mm: 0085126 930912 SIGMA PROTECTOR 55mm: 0085126 931049 SIGMA WR UV FILTER 55mm: 0085126 930653 SIGMA WR CIRCULAR PL FILTER 55mm: 0085126 930783 【Contact】 For further information, please contact your local authorized SIGMA representative listed in the link below: https://www.sigma-global.com/en/about/world-network/ 【Information】 SIGMA GLOBAL VISION： https://www.sigma-global.com/ SIGMA 18-50mm F2.8 DC DN | Contemporary product information： https://www.sigma-global.com/en/lenses/c021_18_50_28/ SIGMA Canon RF Mount special page： https://www.sigma-global.com/en/contents/sigma_rfmount_lenses/ Contact Details SIGMA CORPORATION OF AMERICA Jack Howard +1 631-201-7381 sigma.pr@sigmaphoto.com Company Website https://www.sigmaphoto.com/

June 25, 2024 01:00 AM Eastern Daylight Time

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U.S. Commerce Department Imposes Heavy Preliminary Duties on All Imports of Russian Ferrosilicon

U.S. Ferrosilicon Producers

The U.S. Commerce Department (“Commerce”) today announced preliminarily antidumping duties (“AD”) of 283.27 percent and countervailing duties (“CVD”) of 748.58 percent on all imports of ferrosilicon from Russia. Commerce’s determination is in response to petitions filed by U.S. ferrosilicon producers, CC Metals and Alloys, LLC (“CC Metals”) and Ferroglobe USA, Inc. (“Ferroglobe”), requesting eight AD and CVD investigations into unfairly priced and subsidized imports of ferrosilicon from Russia, Kazakhstan, Malaysia, and Brazil. All eight investigations were initiated on April 17, 2024. The significant duties announced today on Russian ferrosilicon imports address unfair pricing of Russian imports and improper subsidies received by Russian producers and exporters. CC Metals and Ferroglobe welcomed Commerce’s announcement. “Today’s announcement confirms that Russian producers and exporters received massive government subsidies that have allowed them to flood the U.S. market with unfairly traded ferrosilicon imports. This allowed Russia to be the dominant import source, accounting for over 30% of all imports in 2023,” said Marco Levi, Chief Executive Officer of Ferroglobe PLC. “These preliminary duties begin the process of removing the market and price distortions caused by improper Russian government intervention and support.” “Commerce’s decision validates our analysis that Russian producers and exporters have not been playing by the rules of international trade that they agreed to follow,” said Chris Cobb, Plant Manager of CC Metals and Alloys, Inc. “We are grateful to Commerce staff for its hard work and commitment to enforcing U.S. trade laws and ensuring that everyone complies with their international obligations. We look forward to seeing a level playing field restored.” Once Commerce’s determination is published in the Federal Register in the coming days, all importers of Russian ferrosilicon will be required to post cash deposits or a bond to secure the significant potential duties they may owe. Commerce also is continuing its investigations of imports from Kazakhstan, Malaysia, and Brazil. In those investigations, preliminary CVD determinations will be made no later than August 12, 2024, and AD determinations will be made no later than October 24, 2024. If the determinations in those cases are also affirmative, provisional duties on imports from Kazakhstan, Malaysia, and Brazil will be collected based on the preliminary margins calculated by Commerce. About the CC Metals and Ferroglobe CC Metals traces its roots back to 1949, when it was founded as a producer of large-volume commodity ferroalloys for the steel industry in Calvert City, Kentucky. Today CC Metals is an ISO 9001 certified leading manufacturer of more than 40 different products including 18 different ferrosilicons and more than 20 different magnesium ferrosilicon inoculants, high purity, 3%-9% magnesium and proprietary alloys. CC Metals ships over 100,000 metric tons of finished product annually from its manufacturing facility in Calvert City, KY via barge, rail and truck. Ferroglobe USA, Inc. is a wholly-owned U.S. subsidiary of Ferroglobe PLC, a world leading producer of silicon metal and ferroalloys, serving a customer base across the globe in dynamic and fast-growing end markets, such as solar, automotive, consumer products, construction and energy. Through its subsidiaries, Ferroglobe operates metallurgical manufacturing facilities and mining sites in Alabama, Indiana, Kentucky, Ohio, South Carolina, and West Virginia. For more information, visit https://www.ccmetals.com/ and https://www.ferroglobe.com/. Contact Details Elizabeth Heaton +1 202-445-9858 elizabeth@eahstrategiesllc.com

June 24, 2024 05:47 PM Eastern Daylight Time

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