G7 Discusses Establishing Permanent Secretariat for Critical Minerals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy GM?
Source: Newsfilter
- Permanent Secretariat Proposal: The G7 is in discussions to create a permanent secretariat aimed at ensuring that initiatives related to critical mineral supplies can endure beyond the bloc's rotating presidencies, thereby enhancing cooperation and coordination among member countries in the critical minerals sector.
- Reducing Reliance on China: Developed nations are actively seeking to cut their dependence on China, particularly for minerals essential for defense, energy transition, and manufacturing, indicating a strategic restructuring of global supply chains.
- European Nations' Stance: While the U.S. and EU have agreed to deepen coordination on critical minerals like lithium, cobalt, and rare earths, European countries have rejected the idea of a shared stockpile, preferring to maintain control over their own reserves to ensure supply security during crises.
- Role of International Energy Agency: Reports suggest that the proposed secretariat could be based at the International Energy Agency or the OECD, which would facilitate the execution of decisions regarding critical raw materials that may be made at the upcoming G7 leaders' summit.
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Analyst Views on GM
Wall Street analysts forecast GM stock price to rise
19 Analyst Rating
14 Buy
4 Hold
1 Sell
Moderate Buy
Current: 78.410
Low
57.00
Averages
95.06
High
122.00
Current: 78.410
Low
57.00
Averages
95.06
High
122.00
About GM
General Motors Company designs, builds and sells trucks, crossovers, cars and automobile parts and provides software-enabled services and subscriptions worldwide. The Company's segments include GMNA, GMI and GM Financial. Its GM North America (GMNA) and GM International (GMI) segment develop, manufacture and/or markets vehicles under the Buick, Cadillac, Chevrolet and GMC brands. The Company's GM Financial segment provides automotive financing and related services. The Company is also focused on investing in electric vehicles (EVs) and autonomous vehicles (Avs), software-enabled services and subscriptions and new business opportunities. The Company's portfolio includes OnStar, GM Energy, GM Insurance, GM Genuine Parts, and the GM Company Store. Its OnStar portfolio offers safety, connectivity and hands-free driver assistance technologies. Its GM Energy provides Home EV Charging, Public EV Charging, Vehicle-To-Home and Energy Storage services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Regulatory Oversight: The U.S. National Highway Traffic Safety Administration (NHTSA) announced the recall, highlighting the potential defect in the braking system, indicating the regulatory body's strong focus on automotive safety issues.
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See More
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- Oil Price Fluctuations: Reports of a potential agreement between the U.S. and Iran led to a sharp decline in crude oil prices on Wednesday, although prices have stabilized since, as traders continue to monitor developments in the Middle East closely.
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