welcome back to our weekly update I'm Charlotte McLeod with the investing News Network and I'm here to give you a quick look at our top stories for the week [Music] the gold price pulled back this week spending time below 2 000 per ounce the experts I've been speaking with continue to present bullish long-term predictions but it's worth noting that the U.S federal reserve's next meeting May impact the price in the short term the Gathering is set to run next week from May 2nd to 3rd


one unusual sentiment indicator when it comes to Gold may be the recent Heist at Toronto's Pearson International Airport in a major theft 20 million worth of gold and other valuable items was stolen from a holding cargo facility after being unloaded from a plane the robbery happened last week but details are still scarce we don't know where the gold was coming from and we don't know who the buyer was we also don't know whether the thieves were hoping to take advantage of gold's


current high price levels but will be keeping an eye out for future updates [Music] foreign 's recent decision to nationalize its lithium industry Chile is the world's second largest producer of the battery metal with output of 39 000 metric tons last year it also has the largest reserves globally Chili's plan is for state-owned copper producer kadelco to take the lead on setting up a national Lithium company kodelco will also be in charge of negotiating with producers Albemarle and


SQL top lithium miners with major operations in the country their contracts expire in 2043 and 2030 respectively which means they'll need to determine how they'll work with Chile before then in the future lithium contracts will only be awarded as public-private Partnerships with the state both Alvaro and sqm took share price hits when the news was announced and Market Watchers have raised questions about what Chile's move means for the future of lithium in the country especially as supply chain security


becomes increasingly important for end users in the electric vehicle sector the announcement has also generated discussions around lithium Production Technologies given the Chile wants to shift from evaporation ponds to direct lithium extraction as a way to reduce the environmental impact of the mining process for now investors will have to wait and see how the story progresses that's all for this week if you like this video make sure you subscribe to our Channel and turn on notifications so


you don't miss future updates and interviews you can also follow us on social media or click below for our report or any article mentioned in this video we'll see you next time [Music]