Agoracom Blog

Building a Lie Detector for Images – SPONSOR: Datametrex AI Limited $DM.ca

Posted by AGORACOM-JC at 2:59 PM on Wednesday, January 22nd, 2020

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Building a Lie Detector for Images

  • A new paper from UC Berkeley and Adobe researchers declares war on fake images
  • Leveraging a custom dataset and fresh evaluation metric, the research team introduces a general image forensics approach that achieves high average precision in the detection of CNN-generated imagery

By: Synced

The Internet is full of fun fake images — from flying sharks and cows on cars to a dizzying variety of celebrity mashups. Hyperrealistic image and video fakes generated by convolutional neural networks (CNNs) however are no laughing matter — in fact they can be downright dangerous. Deepfake porn reared its ugly head in 2018, fake political speeches by world leaders have cast doubt on news sources, and during the recent Australian bushfires manipulated images mislead people regarding the location and size of fires. Fake images and videos are giving AI a black eye — but how can the machine learning community fight back?

A new paper from UC Berkeley and Adobe researchers declares war on fake images. Leveraging a custom dataset and fresh evaluation metric, the research team introduces a general image forensics approach that achieves high average precision in the detection of CNN-generated imagery

Spotting such generated images may seem to be a relatively simple task — just train a classifier using fake images versus real images. In fact, the challenge is far more complicated for a number of reasons. Fake images would likely be generated from different datasets, which would incorporate different dataset biases. Fake features are more difficult to detect when the training dataset of the model differs from the dataset used to generate the fake image. Also, network architectures and loss functions can quickly evolve beyond the abilities of a fake image detection model. Finally, images may be pre-processed or post-processed, which increases the difficulty in identifying common features across a set of fake images.

To address these and other issues, the researchers built a dataset of CNN-based generation models spanning a variety of architectures, datasets and loss functions. Real images were then pre-processed and an equal number of fake images generated from each model — from GANs to deepfakes. Due to its high variety, the resulting dataset minimizes biases from either training datasets or model architectures.

The fake image detection model was built on ProGAN, an unconditional GAN model for random image generation with simple CNN based structure, and trained on the new dataset. Evaluated on various CNN image generating methods, the model’s average precision was significantly higher than the control groups.

Data augmentation is another approach the researchers used to improve detection of fake images that had been post-processed after generation. The training images (fake/real) underwent several additional augmentation variants, from Gaussian blur to JPEG compression. Researchers found that including data augmentation in the training set significantly increased model robustness, especially when dealing with post-processed images.

Researchers find the “fingerprint” of CNN-generated images.

The researchers note however that even the best detector will still have trade-offs between true detection and false-positive rates, and it is very likely a malicious user could simply handpick a simple fake image that passes the detection threshold. Another concern is that the post-processing effects added to fake images may increase detection difficulty, since the fake image fingerprints might be distorted during the post-processing. There are also many fake images that were not generated but rather photoshopped, and the detector won’t work on images produced through such shallow methods

The new study does a fine job of identifying the fingerprint of images doctored with various CNN-based image synthesis methods. The researchers however caution that this is one battle — the war on fake images has only just begun.

Source: https://syncedreview.com/2020/01/15/building-a-lie-detector-for-images/

Cash Is Trash; Hold Some Gold – Billionaire Investor Ray Dalio SPONSOR: American Creek Resources $AMK.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM at 2:04 PM on Wednesday, January 22nd, 2020

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For the second time in as many weeks, the world’s largest hedge fund is once again talking up gold as an important diversifier for investors.

Speaking to CNBC’s Squawk Box on the sideline of the World Economic Forum in Davos, Switzerland, Ray Dalio, founder of Bridgewater Associates, said that in the current environment, investors should hold a global diversified portfolio that includes some gold.

“Cash is trash,” he declared in the interview. He warned that investors should get out of cash as central banks continue to print money.

However, Dalio tempered his comments on the precious metal, saying that “a bit of gold is a diversifier.”

But it is not only cash that Dalio railed against. He also didn’t have anything nice to say about bitcoin, which is neither a medium of exchange nor a store of value.

He said that investors shouldn’t go anywhere near bitcoin because of its volatility. When it comes to a store of value, central banks will continue to prefer to hold hard assets.

“What are [central banks] going to hold as reserves? What has been tried and true? They are going to hold gold. That is a reserve currency, and it has been a reserve currency for a thousand years,” he said.

Although Dalio said that he sees a low chance of a recession in 2020, he warned investors to look further out. The risks are that because of where monetary policy is right now, it will be less effective when the downturn does come.

“At a point in the future, we still are going to think about what’s a storeholder of wealth. Because when you get negative-yielding bonds or something, we are approaching a limit that will be a paradigm shift,” he said.

Dalio has been fairly bullish on gold and for nearly three years has advocated that investors hold at least 5% to 10% of their portfolio in gold.

Dalio’s latest comments come less than a week after Greg Jensen, co-chief investment officer at Bridgewater Associates, said in an interview with the Financial Times that he sees gold pushing to $2,000 an ounce.

Jensen said that he sees higher gold prices through 2020 as inflation picks up but central banks, in particular the Federal Reserve, step away from the fight.

“The Fed won’t be pre-emptive,” he said.

Jensen said that he is also bullish on gold as geopolitical uncertainty dominates financial markets and investor sentiment.

“When you look at the geopolitical strife, how many foreign entities really want to hold dollars? And what are they going to hold? Gold stands out,” he said.

SOURCE: https://www.kitco.com/news/2020-01-21/Cash-is-trash-hold-some-gold-billionaire-investor-Ray-Dalio.html

#Sequoia scores 21-fold return in Indian edtech exit SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 12:23 PM on Wednesday, January 22nd, 2020
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Sequoia scores 21-fold return in Indian edtech exit

PRAMUGDHA MAMGAIN, DealStreetAsia

  • Investors in the world’s most valuable education technology startup Byju’s have reaped roughly $314 million in a partial selldown of the company.
  • Byju’s shares sold to General Atlantic, Naspers Ventures and Canada Pension Plan

NEW DELHI — Investors in the world’s most valuable education technology startup Byju’s have reaped roughly $314 million in a partial selldown of the company.

Sequoia Capital, Times Internet, SCHF PV Mauritius, and Mark Zuckerberg’s philanthropic organization the Chan Zuckerberg Initiative have together managed to take home about 22.3 billion rupees by partly selling their stakes in the company in 2019, reported Entrackr, a technology news provider focused on India.

These investors have offloaded their shares to the other backers of Byju’s including General Atlantic, Naspers Ventures and Canada Pension Plan, in the partial exit scheme.

Quoting the company’s filings, the report said that Sequoia received 21.13 times its initial investment while Times Internet made a seven-times return.

SCHF PV Mauritius, via a secondary transaction, and the Chan Zuckerberg Initiative have also managed to bag returns of around seven times their investment.

Founders Divya Gokulnath Ravindran and Zeus Education Promoter’s continue to hold more than 30% of the company.

Byju’s, operated by Bengaluru-based Think and Learn, was recently in the news for raising $200 million in fresh funding from New York-based investment firm Tiger Global at an $8 billion valuation. Byju’s was valued at $5.5 billion when it raised $150 million in a funding round led by Qatar Investment Authority in July last year. Owl Ventures, an education technology investor, also participated in that round.

In December 2018, Byju’s raised $540 million led by Naspers, with participation from the likes of Canada Pension Plan Investment Board and General Atlantic. That round had valued the company at roughly $3.6 billion. General Atlantic topped its investment with another 750 million rupees to 800 million rupees in the company in March last year.

Until now, the company has raised about $1.2 billion across rounds. Other investors in the Indian company include Verlinvest, Lightspeed Venture Partners, Aarin Capital and Tencent Holdings.

The company’s net loss narrowed to 149.1 million rupees for the financial year ended March 2019, compared with a net loss of 371.9 million a year ago. The company claimed to have turned profitable in June 2018 after achieving $14.3 million in monthly revenues.

DealStreetAsia is a financial news site based in Singapore focused on corporate investment activity in Southeast Asia and India. Nikkei recently acquired a majority stake in the company.

Source: https://asia.nikkei.com/Business/Startups/Sequoia-scores-21-fold-return-in-Indian-edtech-exit

NEW DELHI — Investors in the world’s most valuable education technology startup Byju’s have reaped roughly $314 million in a partial selldown of the company.

Sequoia Capital, Times Internet, SCHF PV Mauritius, and Mark Zuckerberg’s philanthropic organization the Chan Zuckerberg Initiative have together managed to take home about 22.3 billion rupees by partly selling their stakes in the company in 2019, reported Entrackr, a technology news provider focused on India.

These investors have offloaded their shares to the other backers of Byju’s including General Atlantic, Naspers Ventures and Canada Pension Plan, in the partial exit scheme.

Quoting the company’s filings, the report said that Sequoia received 21.13 times its initial investment while Times Internet made a seven-times return.

SCHF PV Mauritius, via a secondary transaction, and the Chan Zuckerberg Initiative have also managed to bag returns of around seven times their investment.

Founders Divya Gokulnath Ravindran and Zeus Education Promoter’s continue to hold more than 30% of the company.

Byju’s, operated by Bengaluru-based Think and Learn, was recently in the news for raising $200 million in fresh funding from New York-based investment firm Tiger Global at an $8 billion valuation. Byju’s was valued at $5.5 billion when it raised $150 million in a funding round led by Qatar Investment Authority in July last year. Owl Ventures, an education technology investor, also participated in that round.

In December 2018, Byju’s raised $540 million led by Naspers, with participation from the likes of Canada Pension Plan Investment Board and General Atlantic. That round had valued the company at roughly $3.6 billion. General Atlantic topped its investment with another 750 million rupees to 800 million rupees in the company in March last year.

Until now, the company has raised about $1.2 billion across rounds. Other investors in the Indian company include Verlinvest, Lightspeed Venture Partners, Aarin Capital and Tencent Holdings.

The company’s net loss narrowed to 149.1 million rupees for the financial year ended March 2019, compared with a net loss of 371.9 million a year ago. The company claimed to have turned profitable in June 2018 after achieving $14.3 million in monthly revenues.

DealStreetAsia is a financial news site based in Singapore focused on corporate investment activity in Southeast Asia and India. Nikkei recently acquired a majority stake in the company.Education Times looks at the massive tr ..

Read more at:
http://timesofindia.indiatimes.com/articleshow/73521137.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Gold Market Update SPONSOR: Labrador Gold $LAB.ca $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 11:58 AM on Wednesday, January 22nd, 2020
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At first glance gold looks like it may be about to advance out of a bull Flag, but there are a number of factors in play that we will examine which suggest that any near-term advance won’t get far before it turns and drops again, and that a longer period of consolidation and perhaps reaction is necessary before it makes significant further progress.

On the 6-month chart we can see how gold stabbed into a zone of strong resistance on the Iran crisis around the time Iran’s General was murdered, but after a couple of bearish looking candles with high upper shadows formed, it backed off into what many are taking to be a bull Flag.


The 10-year chart makes it plain why gold is vulnerable here to reacting back over the short to medium-term, because it has advanced deep into “enemy territory” – the broad band of heavy resistance approaching the 2011 highs, with a zone of particularly strong resistance right where it is now. It would be healthier and increase gold’s chances of breaking out to new highs if it now backed off into a trading range for a while to moderate what now looks like excessive bullishness.


Thus it remains a cause for concern (or it should be for gold bulls) to see gold’s latest COTs continuing to show high Commercial short and Large Spec long positions. Is it “going to be different this time”? – the latest Hedgers charts that we are now going to look at suggest not.

Click on chart to popup a larger, clearer version.


The COT chart only goes back a year. The Hedgers charts shown below, which are a form of COT chart, go back many years, and frankly, they look pretty scary.

We’ll start by looking at the Hedger’s chart that goes back to before the 2011 sector peak. On it we see that current Hedgers positions are at extremes that way exceed even those at the peak of the 2012 sucker rally, which was followed by the bulk of the decline in the bearmarket that followed. Does this mean that we are going to see another bearmarket like that – no it doesn’t, but it does mean that these positions will probably need to moderate before we see significant further gains.

Click on chart to popup a larger, clearer version.

Chart courtesy of sentimentrader.com


Looking at the Hedgers chart going way back to before the year 2000, we see that the current readings are record readings by a significant margin and obviously increase the risks of a sizeable reaction. We can speculate about what the reasons for a decline might be, one possibility being the sector getting dragged down by a stockmarket crash after its blowoff top, which may be imminent, as happened in 2008, since it remains to be seen whether investors will rush into the sector as a safe haven in the event of a market crash.

Click on chart to popup a larger, clearer version.

Chart courtesy of sentimentrader.com


Turning now to Precious Metals stocks, we see on its latest 10-year chart that GDX still looks like it is completing a giant Head-and-Shoulders bottom pattern. However, it is currently dithering just beneath resistance at the top of this base pattern, which means that it is vulnerable to backing off.


So, how then does gold stock sentiment look right now? As we can see on the 5-year chart for the Gold Miners’ Bullish Percent Index, bullishness towards the sector is now at a very high level, 84.6%, which makes it more likely that stocks will drop soon rather than rally, and what they could do of course is rally some to increase this level of bullishness still further, and then drop.


Does all this mean that investors in the sector should suddenly rush for the exits? No, it doesn’t, especially as the charts for many individual stocks across the sector look very bullish, and it may be that all that is needed is a cooling period of consolidation. However it does make sense to use Hedges at extremes, such as leveraged inverse ETFs and better still options as insurance, which have the advantage of providing protection for a very small capital outlay, a fine example being GLD Puts which are liquid with narrow spreads. We did this just ahead of the recent peak when Iran lobbed a volley of missiles at Iraq. We will not be selling our strongest gold and silver stocks, but instead look to buy more on dips.

SOURCE: https://www.clivemaund.com/gmu.php?art_id=68&date=2020-01-19

#Square #Crypto Division Finally Releases Details of First #Bitcoin Product SPONSOR: ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 11:21 AM on Wednesday, January 22nd, 2020

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Square’s Crypto Division Finally Releases Details of First Bitcoin Product

By Nick Chong

  • Last year, Jack Dorsey — the chief executive of both Square and Twitter — began to openly shill Bitcoin in a number of public channels.
  • Naturally, his love for Bitcoin extended into his companies, with Square announcing a new division called Square Crypto in 2019.

For instance, on the Joe Rogan Podcast, he revealed that he thinks the cryptocurrency will become a native currency of the Internet, and during an official earnings call for his fintech company Square, he took some time to tout his love for Bitcoin.

Naturally, his love for Bitcoin extended into his companies, with Square announcing a new division called Square Crypto in 2019.

Dorsey’s premise was that someone told him the most important thing he could do for Bitcoin is to “make the broader crypto ecosystem better,” hence the creation of this new division to do “what’s best for the crypto community and individual economic empowerment.”

#BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @SqCrypto. Why?

— jack  (@jack) March 20, 2019

Throughout the entire hiring process of this new division, the team photos, memes published on Square Crypto’s Twitter page, and even the grant-giving process, it wasn’t exactly clear what this team was working on.

The team leader, a former senior employee at Google, did mention products meant to improve the usability of Bitcoin as a day-to-day form of money but was slow to elucidate any ventures it was eyeing.

But today, we got our answer.

Square Crypto Unveils First Product, a Bitcoin Lightning Network Developer Kit

According to a Square Crypto blog post published Tuesday, the company has launched something called the Lightning Development Kit (LDK).

This is kind of like a traditional software development kit (SDK) but focused on the Lightning Network, a second-layer scaling solution that effectively migrates some transactions off the main chain to allow for lightning-fast, effectively free, and cross-chain transfers.

We’ve got the team. We’ve got the mission. We’ve got hit or miss tweets. And now it’s time to talk about what we’re building: Introducing the Lightning Development Kit, or LDK.  https://t.co/o73cJy7Cur

— Square Crypto (@sqcrypto) January 21, 2020

The LDK, the post indicates, will allow wallet developers to create “custom” integrations of the Network in an “easy, safe, and configurable way” through an API, demo apps, and other technical tools.

As to what exactly the LDK can be used for, at least from a top-down perspective, Square Crypto gave three examples:

1) Adding Lightning capabilities to existing bitcoin wallets — no need to create a separate wallet just for Lightning. 2) Supporting multi-device, multi-application access to a single wallet. 3) Allowing wallets to make UX/security/privacy tradeoffs such as external transaction signing and customizing their state backup to a cloud service.

Essentially, it should make the integration of the Lightning Network into existing or up-and-coming cryptocurrency software much easier than it is, and should, therefore, increase the adoption of the scaling solution with ample time.

It’s kind of like a shoehorn, but with the shoe being Bitcoin software and the foot being the Lightning Network…

Very Good Timing

The release of the LDK comes at a very good time, with the Lightning Network once again entering the minds of Bitcoin and cryptocurrency enthusiasts.

Per previous reports from Blockonomi, Bitcoin proponent Hodlonaut has started what is known as the Lightning Network Trust Chain for the second time.

Last time, this challenge, which sees individuals use the Lightning Network and large BTC transactions to create a link between Twitter accounts, gained much steam. Dorsey and LinkedIn and Microsoft board member Reid Hoffman participated in the Chain, amongst other prominent members of the community.

And as a result, the Lightning Network saw a flurry of growth, with the capacity of the Network nearly doubling in value during the time the chain was being formed.

With the arrival of the second Trust Chain and Square Crypto’s new Lightning Network kit, this Bitcoin scaling solution could see a micro-renaissance, so to say.

Source: https://blockonomi.com/squares-crypto-first-bitcoin-product/

Ultra-Flat Graphene Goes Wrinkle Free SPONSOR Gratomic $GRAT.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca #TODAQ

Posted by AGORACOM at 5:40 PM on Tuesday, January 21st, 2020
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A new technique to make ultra-flat, wrinkle-free films of graphene could pave the way for a host of applications, including graphene-based flexible electronics and high-frequency transistors. The technique works by introducing protons into the film as graphene is synthesized using chemical vapour deposition (CVD), and its inventors say that it might be extended to other two-dimensional materials such hexagonal boron nitride (h-BN) and the transition-metal dichalcogenides (TMDCs). It could also aid the development of hydrogen storage devices made from layered 2D structures.

Graphene – a 2D honeycomb of carbon atoms just one atom thick – boasts several unique electronic properties. In contrast to conventional semiconductors, which have an energy gap between the electron valence and conduction bands, graphene is a “zero-gap” semiconductor. This means its electron valence and conduction bands just touch each other. At the point of contact, the electrons move at near-ballistic speeds, and their behaviour is governed by the Dirac equation for relativistic electrons – hence the name “Dirac point” for this section of graphene’s band structure.

Linear defects

So far, this electronic behaviour has only been observed in small flakes of graphene that have been shaved off, or exfoliated, from samples of bulk graphite. These flakes are not big enough to be practical for electronic circuits, and although larger, wafer-sized graphene films can easily be produced via CVD, their electronic performance is not as good. This is because CVD-grown graphene, unlike the exfoliated type, contains grain boundaries, atomic vacancies, impurities and wrinkles. These defects act as centres off which electrons can scatter as they travel, thus degrading the material’s electronic properties.

CVD-produced graphene is prone to wrinkling because the graphene must adhere to the surface of a substrate as it grows. If the thermal expansion coefficient of the substrate does not match that of the graphene itself, a change in temperature can lead to linear defects – wrinkles – forming as the ensemble strives to release compressive strain.

Researchers have attempted to reduce wrinkling by performing CVD at low temperatures, using substrates with a similar thermal coefficient to that of graphene, and developing single-crystalline substrates. A team of researchers led by Libo Gao at China’s Nanjing University has now shown that reducing the interaction between graphene and its substrate might be a good, alternative, strategy.

Intercalating hydrogen molecules

The Nanjing team began by introducing a plasma of protons – hydrogen ions – into the graphene’s growth chamber. During the CVD process, some of this hydrogen became intercalated between the graphene and its substrate, causing the two materials to decouple.

Gao and colleagues found that some of the wrinkles disappeared entirely from the graphene thanks to this proton penetration. They believe this is due to decreased van der Waals interactions between the carbon sheet and the substrate, as well as – possibly – an increase in the substrate’s distance from the growth surface thanks to the intercalation process.

High-quality bilayer graphene goes large

The researchers also found that the electronic band structure of their graphene films shows a V-shaped “Dirac cone” (representing the density of states around the Dirac point) similar to the one observed in exfoliated graphene. They argue that this proves the proton-assisted CVD-grown graphene is indeed decoupled from its substrate.

The technique, which is detailed in Nature, could be extended to grow ultra-flat versions of other 2D materials, such as h-BN and the TMDCs, Gao says. It might also make it possible to develop hydrogen storage devices made from these layered materials.

“The physical and electronic properties of our ultra-flat graphene films are homogenous on the large scale, which means they might now be used in higher-performance electronic and photoelectronic devices,” he tells Physics World.

Source:https://physicsworld.com/a/ultra-flat-graphene-goes-wrinkle-free/

More precious than gold: Why the metal #palladium is soaring $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 5:07 PM on Tuesday, January 21st, 2020

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More precious than gold: Why the metal palladium is soaring

  • The price of the precious metal palladium has soared on the global commodities markets.
  • It has jumped by more than 25% in the last two weeks alone, and almost doubled in value over the last year.

At about $2,500 (£1,922) an ounce of palladium is more expensive than gold, and the pressures forcing its price up are unlikely to ease anytime soon.

But what is palladium, what is it used for, and why is its price rising?

What is palladium?

It is a shiny white metal in the same group as platinum, along with ruthenium, rhodium, osmium, and iridium.

The majority of the world’s palladium comes from Russia and South Africa. Most of it is extracted as a byproduct in the mining of other metals, usually platinum and nickel.

What is it used for?

Its key commercial use is as a critical component in catalytic converters – a part of a car’s exhaust system that controls emissions – found mainly in petrol and hybrid vehicles.

The vast majority of palladium, more than 80%, is used in these devices that turn toxic gases, such as carbon monoxide, and nitrogen dioxide, into less harmful nitrogen, carbon dioxide, and water vapour. Image copyright Getty Images Image caption Catalytic converters are relatively easy to remove from vehicles

It is also used, to a far lesser extent, in electronics, dentistry, and jewellery.

The metal’s soaring value in recent years has seen a jump in the theft of catalytic converters around the world.

London’s Metropolitan police said the number of thefts in the first six months of 2019 were more than 70% higher than the whole of the previous year.

Why is its price rising?

In short, it is because demand for palladium outstrips supply, and it has done for some time.

The amount of the metal produced in 2019 is forecast to be below global demand for the eighth year in a row.

As a secondary product of platinum and nickel extraction, miners have less flexibility to increase palladium output in response to rising prices.

And that shortfall looks set to continue, with South Africa, which produces around 40% of the world’s supply, last week saying its output of platinum group metals, including palladium, fell by 13.5% in November compared to a year earlier.

Meanwhile, demand for palladium from car makers has increased sharply for a number of reasons.

Around the world governments, notably China, are tightening regulations as they attempt to tackle air pollution from petrol vehicles.

At the same time the diesel emissions scandal in Europe has also had an impact. Consumers there have been shifting away from diesel cars, which mostly use platinum in their catalytic converters, and are instead buying petrol-driven vehicles, which use palladium.

The US-China trade deal, which was signed earlier this month, has also boosted prices. Traders expect the agreement to help ease downward pressure on global economic growth and slow the decline in Chinese car sales.

Source: https://www.bbc.com/news/business-51171391

It’s Now Time To Look At Junior Gold Developers And Explorers – Red Cloud SPONSOR: Affinity Metals $AAF.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM at 2:54 PM on Tuesday, January 21st, 2020

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(Kitco News) – The merger and acquisition activity that swept through the mining sector in 2019 is only going to pick up momentum this year as mine developers and junior explorers are next on the auction block, according to one financing company.

In a recent webinar, Derek Macpherson, vice president of research at Red Cloud, said that with gold in the early inning of a new bull market, he expects to see more M&A activity in the mining sector.

However, he added that sentiment is a little different than it was in 2019.

“The M&A activity we saw last year focused on production assets,” he said. “As we see fewer of those assets become available companies will have to look further down cap. I think we are getting a lot closer to seeing junior explorers benefit from M&A activity.”

The comments come as junior explorers continue to struggle to attract investor attention. The sector was still largely ignored in 2019 as the M&A activity focused on creating mega-gold companies and larger producers.

Macpherson said that although some companies are struggling to attract attention, investors should focus on the companies that are activity developing and de-risking their projects.

“In this environment and with the potential for more M&A activity, the drill bit is the key to value,” he said.

Macpherson added because of solid production and higher prices in 2019 many mid-tier mining companies are in good shape to go shopping in the market again. Further divestitures from the major gold producers also means more opportunities to buy.

Not only are miners in a hurry to replace dwindling reserves, but Macpherson noted that a strong gold price will add to growing confidence in the marketplace. He noted that there are growing calls for $2,000 gold.

“I think gold at $1,600 is in the mix but I also don’t think $2,000 is out of the realm of possibilities,” he said.
Looking at the gold market, the financial firm sees strong investment demand for the yellow metal as central banks around the world maintain ultra-loose monetary policy.

“More money printing and negative yielding debt make gold a very attractive asset class,” he said.

Macpherson also noted that with equity markets at record valuations, it wouldn’t take much for investors jump out off the S&P and into more safe-haven assets.

SOURCE: https://www.kitco.com/commentaries/mining/2020-01-20/It-s-now-time-to-look-at-junior-gold-developers-and-explorers-Red-Cloud.html

Graphene-Enhanced Batteries Could Be About To Finally Hit The Market SPONSOR – ZEN Graphene Solutions $ZEN.ca $LLG.ca $FMS.ca $NGC.ca $CVE.ca $DNI.ca

Posted by AGORACOM at 2:06 PM on Tuesday, January 21st, 2020

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The battery race shows no sign of letting up, even though the gains feel increasingly marginal. Whether it’s phones or portable consoles, maximising the life eked out of a slim lithium-ion battery is getting harder and harder. 

For some time, graphene has been touted as one possible solution, a material that hasn’t been efficiently harnessed yet but which could help improve charging times and battery life in one fell swoop. Now Real Graphene, a tech business from Los Angeles, is apparently preparing to change that. 

It has a range of portably power banks on the market, and ambitious plans to crowdfund the wider production of banks that go even further with their use of Graphene. For now, Real Graphene’s banks come in two sizes, a 10,000mAh version and another with 20,000mAh, and have a number of apparent advantages over lithium banks.

For one thing, they charge far more quickly themselves, with the smaller variant charging completely in 50 minutes, far less time than the hours most banks need to power themselves up. 

Graphene as a material is also extremely lightweight, so down the line it could lead to lighter batteries, always a welcome change. However, for now, even Real Graphene’s own batteries are not pure graphene — they’re a blend of graphene and lithium which gains in speed but remains affordable to build and sell.

Even so, the reality is that graphene-enhanced batteries will be more expensive than current lithium equivalents, to the tune of a 30% bump in cost at Real Graphene’s own estimation. That’s a sizeable leap, so it shouldn’t be a huge surprise if the tech can’t make too many mainstream waves until it’s even more affordable in comparison.

SOURCE: https://www.pocket-lint.com/phones/news/150808-graphene-enhanced-batteries-could-be-about-to-finally-hit-the-market

Volvo to Build an Electric Vehicle Battery Plant in the U.S. SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 12:26 PM on Tuesday, January 21st, 2020

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Swedish automaker Volvo announced plans to build an electric battery plant at its assembly factory in Ridgeville, South Carolina to support the launch of electrified Volvo models for the U.S. market. Construction of the battery assembly plant will be completed by the end of 2021.

While many people consider Detroit home of the automobile, the southeast region of the U.S. is becoming a hotbed for auto manufacturing. Automakers BMW, Mercedes Benz, Volvo, Toyota, Honda and Hyundai built assembly plants in the region to manufacture vehicles for the U.S. and global markets. 

Most recently, Toyota and Mazda recently announced they will be opening a new $1.6 billion plant in Huntsville, Alabama, adding around 4,000 new jobs to the region. Now Volvo becomes the latest automaker to expand its U.S. manufacturing with a new electric vehicle battery plant.

The automaker announced plans to build an electric battery plant at its assembly plant in Ridgeville, South Carolina to support the launch of electrified Volvo models for the U.S. market. Construction of the battery assembly plant will be completed by the end of 2021, a Volvo spokeswoman said to Automotive News.

The battery production plant is part of a previously announced $600 million project that is already underway at Volvo’s plant in Ridgeville, S.C., which includes adding a second production line and Volvo Car University. The 2.3 million sq. ft. facility includes a body shop, paint shop, final assembly, a vehicle processing center and an office building.

The Ridgeville plant is Volvo’s first in the U.S. Construction began in 2015. 

At that facility, employees will assemble and test the lithium ion battery packs that will power the electric XC90. By assembling the packs on at the plant, Volvo hopes to reduce shipping costs involved in transporting the heavy batteries.

Dallas Bolen, a manager with Volvo’s product launch group, told local media outlet the Post and Courier that local battery production would be more cost-effective than building batteries off-site then having to transport them to the factory.

The Ridgeville plant is currently the production home of the Volvo S60 sedan. The U.S.-built S60s are exported around the world through the Port of Charleston, one of the busiest ports in the U.S.

Volvo’s next EV will be the XC40 Recharge. It will arrive at U.S. dealers later this year.

The South Carolina plant will become the global production center for the third-generation XC90 flagship crossover. Volvo plans to build the next generation XC90 sport utility vehicle in 2022, along with a fully-electric version. The plant has the capacity to build 150,000 vehicles annually.

Volvo has not said how much of the XC90’s production at the $1.1 billion factory will be devoted to the battery-electric variant. 

That next-generation XC90 will be built on the next version of Volvo’s Scalable Product Architecture platform, referred to as SPA2. The new electric vehicle architecture is designed to make it easy to add new technology, such as microprocessors, sensors and camera technology.

Volvo declined to release its production capacity for the battery assembly plant or say how many jobs it will create. Overall, the planned XC90 production line is expected to create about 1,000 jobs.

The XC90 would be Volvo’s third battery-powered model following the electric version of the popular XC40 compact crossover, was unveiled in October. 

The electric XC40 is expected to arrive in U.S. dealerships in the fourth quarter of 2020. The crossover will be competitively priced under $48,000, after the $7,500 federal tax credit, Volvo said.

The new battery plant will support Volvo’s push to electrify around half of its lineup. The automaker aims for EVs to account for half of its global sales by 2025. Over the next five years, Volvo expects to launch a fully electric vehicle every year.

“A Volvo built in 2025 will leave a carbon footprint that is 40 percent lower than a car that we build today,” Volvo CEO Hakan Samuelsson said during a press event in October. “We made safety part of the brand. We should do the same with sustainability.”

In November 2019, Volvo Cars announced it will be the first carmaker to implement global traceability of cobalt used in its batteries by applying blockchain technology, ensuring that customers can drive battery-powered Volvos knowing the raw materials for the batteries has been responsibly sourced.

SOURCE: https://www.futurecar.com/3731/Volvo-to-Build-an-Electric-Vehicle-Battery-Plant-in-the-U-S-