Latest news for Jupiter Mines (OTC:JMXXF) Stock

Jupiter Mines Ltd is a mining explorer and producer focusing on iron ore and manganese exploration and development projects in Western Australia and South Africa. Its core assets are Tshipi Solar Project.

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South32&#39;s GEMCO Shutdown Sparks Manganese Price Rally: Market Faces Prolonged Supply Constraint

Jupiter Mines Ltd

SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares closed Thursday up more than 60%, and the stock isn&#8217;t slowing down after hours. Shares are up more than 3% in extended trading after the company announced it regained compliance with <a href="https://www.benzinga.com/pressreleases/24/12/g42694574/sealsq-regains-compliance-with-nasdaqs-minimum-bid-price-requirement">Nasdaq listing rules</a>.
What Happened: After the market close on Thursday, SEALSQ said it received formal written notice from the Nasdaq confirming that the company regained compliance with the Nasdaq&#8217;s minimum bid price requirement.
SEALSQ received a letter from the Nasdaq on Aug. 1, stating that the company was not in compliance with the&nbsp;$1&nbsp;minimum bid price requirement for continued listing on the Nasdaq. The company was required to maintain a minimum bid price of at least $1 for 10 consecutive trading days prior to Jan. 28. 
SEALSQ said it was informed that it regained compliance after its shares traded above the $1 level from Dec. 11 to Dec. 24. Shares are responding favorably to the announcement that the matter is now closed. SEALSQ shares are now up more than 2,000% over the past month, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
SEALSQ stock rallied more than 60% during normal trading hours on Thursday after the company announced the launch of SEALQUANTUM.com Lab, designed to support organizations transitioning to&nbsp;quantum-safe encryption. 
&#8220;As quantum technologies become a reality, the need for quantum-safe encryption solutions grows increasingly urgent,&#8221; said Carlos Moreira, CEO of SEALSQ. 
&#8220;Our&nbsp;SEALQUANTUM.com&nbsp;Lab is more than just a platform, it&#8217;s a commitment to future-proofing our clients&#8217; security. By combining cutting-edge research with actionable tools, we&#8217;re empowering businesses to navigate the complexities of quantum cryptography with confidence.&#8221;
SEALSQ describes itself as &#8220;a company that focuses on developing and selling semiconductors, PKI and post-quantum technology hardware and software products.&#8221;
Check This Out: <a href="https://www.benzinga.com/24/12/42686387/sealsq-launches-sealquantumcom-lab-to-help-businesses-transition-to-quantum-safe-encryption">SEALSQ Launches SEALQUANTUM.com Lab To Help Businesses Transition To Quantum-Safe Encryption</a>
LAES Price Action: <a href="http://benzinga.com/quote/laes">SEALSQ shares</a> were up 0.23% in after hours, trading at $8.78 at the time of publication Thursday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

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SEALSQ Corp Shares Are Moving Higher After Hours: What's Going On?

Editor&#8217;s note: This story has been updated with comment from Zelle and Bank of America. 
The Consumer Financial Protection Bureau sued three of the nation's largest banks and the operator of Zelle last week, alleging a failure to protect consumers from widespread fraud on the peer-to-peer payment network, resulting in customer losses of more than <a href="https://www.benzinga.com/markets/equities/24/08/40155365/zelle-controversy-heats-up-jpmorgan-considers-legal-action">$870 million since 2017.&nbsp;</a>
The Details: The CFPB's <a href="https://www.consumerfinance.gov/enforcement/actions/early-warning-services-llc-bank-of-america-na-jpmorgan-chase-bank-na-wells-fargo-bank-na/">lawsuit</a> alleges that JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Early Warning Services rushed to complete the Zelle payment network in order to compete with Venmo and CashApp and neglected to enact effective fraud safeguards. 
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"The nation's largest banks felt threatened by competing payment apps, so they rushed to put out Zelle," said CFPB Director Rohit Chopra. "By their failing to put in place proper safeguards, Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves."
The lawsuit further alleges that the banks "systemically failed" their customers by failing to properly investigate customer complaints or share information on known acts of fraud which allowed bad actors to hop between banks and commit repeated fraudulent transactions.&nbsp;
Zelle told Benzinga in an emailed statement that it sees the CFPB's lawsuit as politically motivated and&nbsp; "legally and factually flawed." Zelle said it "leads the fight against scams and fraud" and that its reimbursement policies exceed those required by law.
"The CFPB's misguided attacks will embolden criminals, cost consumers more in fees, stifle small businesses and make it harder for thousands of community banks and credit unions to compete,&#8221; said&nbsp;Jane Khodos, Zelle spokesperson.
A Bank of America spokesperson told Benzinga that more than 99.5% of Zelle transactions go through without incident and when an issue arises, the bank works directly with the customer to resolve it.
"We strongly disagree with the CFPB's effort to impose huge new costs on the 2,200 banks and credit unions that offer the free Zelle service to clients," Bank of America added.
Benzinga also contacted JPMorgan, Wells Fargo, Bank of America and Early Warning Services for comment on the lawsuit.
JPMorgan told CBS News that the CFPB has a &#8220;political agenda,&#8221;and the agency is &#8220;overreaching its authority by making banks accountable for criminals, even including romance scammers.&#8221;
The CFPB said its lawsuit aims to stop the banks' alleged unlawful practices, secure penalties for the violations and obtain other relief for consumers.&nbsp;
"The banks failed to fix glaring flaws in their systems even as hundreds of thousands of customers filed complaints about fraud," Chopra said in a <a href="https://www.consumerfinance.gov/about-us/newsroom/prepared-press-call-remarks-of-cfpb-director-rohit-chopra-on-the-zelle-lawsuit-announcement/">statement</a>.
"The banks knew their customers were having their money stolen, but since they weren't bearing the cost of these losses themselves, they dragged their feet on fixing the problems," he added.&nbsp;
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Image: Shutterstock.

Fintech news covering the emerging Financial Technology services sector

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'Zelle Became A Gold Mine For Fraudsters': Consumer Financial Protection Bureau Lawsuit (UPDATED)

The company announced that following the results of the Company's 2024 Annual Meeting, three new directors were elected to the Board of Directors by its stockholders: John A. Moore, General Victor E. Renuart Jr. and Robert D. Straus.

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Federally funded&nbsp;survey data&nbsp;provided by the University of Michigan indicates&nbsp;that teen marijuana use has declined significantly over the past decade and is now at historic lows.
Consistent with data previously reported by the <a href="https://norml.org/blog/2024/08/07/cdc-data-highlights-sustained-decline-in-youth-marijuana-use/">Centers for Disease Control and Prevention</a> and the <a href="https://norml.org/blog/2024/07/31/government-survey-data-shows-nearly-20-percent-decline-in-teen-marijuana-use-over-past-decade/">National Survey on Drug Use and Health</a>, the University of Michigan's annual Monitoring the Future report finds that cannabis use by young people is at a 30-year low. The federally funded Monitoring the Future survey has been operating since 1975.
This year's&nbsp;<a href="https://monitoringthefuture.org/data/index.html" target="_blank" rel="noreferrer noopener">findings</a> are based on responses from about 24,000 students in grades 8, 10 and 12 in schools across the U.S. The survey is "one of the best, if not the best" source of national data for substance use by teens, said Noah Kreski, a Columbia University researcher who has studied teen drug use, <a href="https://apnews.com/article/teen-drug-use-b5e877b4c7eecb5354c3b8214e7d8692">noted</a> the AP.
In a Dec. 17 <a href="https://nida.nih.gov/news-events/news-releases/2024/12/reported-use-of-most-drugs-among-adolescents-remained-low-in-2024">press release</a> issued by the National Institutes of Health on the same day of the report, <a href="https://www.benzinga.com/topic/nora-volkow">Nora Volkow</a>, M.D., director of NIH's National Institute on Drug Abuse described the overall decline in substance use by young people as "unprecedented."
Read Also: <a href="https://www.benzinga.com/24/12/42690082/trump-is-first-republican-president-with-a-pathway-to-cannabis-reform-says-former-adviser">Trump Is First &#8216;Republican President&#8217; With A Pathway To Cannabis Reform, Says Former Adviser</a>
"This trend in the reduction of substance use among teenagers is unprecedented," Volkow said. "We must continue to investigate factors that have contributed to this lowered risk of substance use to tailor interventions to support the continuation of this trend."&nbsp;
Over the past 10 years, during which time 24 states legalized adult-use marijuana sales, the percentage of 8th graders, 10th graders and 12 graders who reported having ever consumed cannabis declined 32%, 37% and 23%, respectively, according to the study.
"Sensational claims that adult-use legalization laws are linked with greater marijuana use by teens are simply not backed by reliable data," said <a href="https://www.benzinga.com/topic/paul-armentano">Paul Armentano</a>, deputy director  of the National Organization for the Reform of Marijuana Laws. "These findings ought to reassure lawmakers that cannabis access can be legally regulated in a manner that is safe, effective, and that does not inadvertently impact young people's habits."
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The company announced the sale of a portion of its available-for-sale investment securities portfolio as part of a strategic balance sheet repositioning.
Additionally, the Bank maintains liquidity metrics, including holding over $35 million in cash, cash equivalents, and Treasury securities. Additionally, the Bank has an unused secured line of credit of over $250 million with the Federal Home Loan Bank of New York.
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Foot traffic at retailers soared on Dec. 21, the Saturday before Christmas. Here's a look at the potential winners from the last week <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42273676/walmart-target-bath-body-works-stand-out-as-black-friday-winners-analysts">of holiday shopping.</a>
What Happened: Foot traffic at retailers was up an average of 58% compared to daily averages in 2024, a trend that could see retail stocks benefit for the 2024 <a href="https://www.benzinga.com/news/24/11/42247997/walmart-shoppers-shun-electronics-for-black-friday-deals-on-eggs-bread-slippers">holiday shopping season.</a>
The 58% gain to the daily average, <a href="https://www.placer.ai/blog/super-saturday-2024-recap">reported </a>by Placer.ai, is higher than the 51.1% gain over the daily average seen on Black Friday. Sunday, Dec. 22, also saw retail foot traffic up 38.2% to the daily average.
While foot traffic was up compared to the daily average for the year, the 58% gain was smaller than last year's Super Saturday, which saw a 74.4% increase from the daily average. The caveat with last year's data is that Super Saturday was Dec. 23, one of the last remaining shopping days before Christmas.
Among the potential biggest winners for this year's Christmas shopping season could be department stores, based on the report.
Overall foot traffic to department stores was up 128.7% compared to the Saturday 2024 daily average, surpassing last year&#8217;s 119.4% increase over the 2023 Saturday average.
Among the department stores tracked by Placer.ai, these were the year-over-year visit growth:
<ul>
<li>Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>): +8.8%</li>
<li>Bloomingdale's, a unit of Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>): +4.7%</li>
<li>JCPenney: +1.3%</li>
</ul>
The report also found that recreational and sporting goods stores, beauty and self-care stores and other specialty categories saw strong traffic gains. Here's a look at some of the retailers tracked and the foot traffic gains on a year-over-year basis to last year's Super Saturday:
<ul>
<li>Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>): +7.3%</li>
<li>T.J. Maxx, a unit of TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>): +4.6%</li>
<li>Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>): +4.2%</li>
</ul>
The report found that superstores, grocery stores, and discount retailers saw lower year-over-year growth due to last year's timing of Super Saturday being so close to Christmas.
Indoor shopping malls like those owned by Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) may have also benefitted from Super Saturday. Placer.ai data shows that foot traffic to indoor malls was up 177.1% on Super Saturday compared to the 2024 daily average.
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Why It's Important: Ahead of Super Saturday, the National Retail Foundation <a href="https://nrf.com/media-center/press-releases/157-million-consumers-to-shop-on-super-saturday">estimated </a>that 157.2 million consumers would shop on the shopping holiday based on an annual survey.
The figure comes in higher than the 141.9 million Super Saturday shoppers in 2024 and is the second highest figure over the last nine years, trailing only 158.5 million in 2022.
"Super Saturday is one of the last opportunities during the holiday season for consumers to get the remaining items on their shopping list," NRF Vice President of Industry and Consumer Insights Katherine Cullen said.
Cullen cited the shortened holiday shopping season, due to Thanksgiving falling late in November, boosting the odds of last-minute shoppers.
The survey found that 69.5 million people plan to shop both in-store and online, up from 58.3 million in 2023. The amount of people exclusively shopping in-store was down in the survey from 37% to 31%, while the percentage of people who said they would shop exclusively online increased from 22% to 24%.
Similar to the results above, the NRF survey highlighted department stores as potential winners on Super Saturday, with 37% of shoppers saying they planned to finish their holiday shopping there.
Finishing shopping online was the most popular response at 49%, with discount stores named by 27% of consumers and clothing and accessory stores named by 25% of consumers.
The NRF survey found the most popular gift purchases were clothing and accessories (50%), toys (32%), gift cards (26%) and books, video games and other media (24%).
The shortened holiday shopping season could have been good for retailers with more foot traffic each day and especially on the weekends. The key will be if the daily increase is enough to offset the lower number of total shopping days between Thanksgiving and Christmas.
The post-Christmas shopping time could also see a boost, with 71% of consumers in the survey saying they planned to shop after Christmas, similar to last year's survey.
NRF estimates that the entire holiday shopping season of Nov. 1 through Dec. 31 is expected to be up 2.5% to 3% from 2024, hitting a record range of $979.5 billion to $989 billion.
Read Next: 
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Photo: Shutterstock

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<h3>Gainers</h3>
<ul>
<li>Kore Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORE#NYSE">KORE</a>) stock increased by 14.9% to $2.16 during Thursday's pre-market session. The market value of their outstanding shares is at $36.7 million. </li>
<li>Zedge (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ZDGE#AMEX">ZDGE</a>) stock rose 10.89% to $2.95. The company's market cap stands at $41.7 million. </li>
<li>Gaxos.AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GXAI#NASDAQ">GXAI</a>) shares moved upwards by 9.8% to $2.8. The company's market cap stands at $10.3 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) shares rose 8.36% to $0.48. The company's market cap stands at $4.2 million. </li>
<li>Shenandoah (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHEN#NASDAQ">SHEN</a>) stock rose 7.47% to $13.8. The company's market cap stands at $753.5 million. </li>
<li>FingerMotion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNGR#NASDAQ">FNGR</a>) shares rose 7.27% to $1.18. The company's market cap stands at $67.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Baosheng Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) shares decreased by 26.1% to $5.25 during Thursday's pre-market session. The company's market cap stands at $8.0 million. </li>
<li>Brera Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BREA#NASDAQ">BREA</a>) stock decreased by 20.0% to $0.8. The market value of their outstanding shares is at $10.6 million. </li>
<li>Direct Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRCT#NASDAQ">DRCT</a>) stock fell 16.72% to $3.09. The company's market cap stands at $46.6 million. </li>
<li>Treasure Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) stock fell 8.18% to $0.21. The market value of their outstanding shares is at $2.2 million. </li>
<li>Onfolio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) stock decreased by 6.67% to $1.26. The company's market cap stands at $6.4 million. </li>
<li>VS Media Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) stock fell 6.62% to $1.13. The market value of their outstanding shares is at $3.6 million. The company's, H1 earnings came out 3 days ago. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Coeptis Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COEP#NASDAQ">COEP</a>) shares rose 118.1% to $0.31 during Thursday's pre-market session. The market value of their outstanding shares is at $12.7 million. </li>
<li>Adagio Medical Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADGM#NASDAQ">ADGM</a>) stock moved upwards by 24.67% to $1.21. The market value of their outstanding shares is at $17.5 million. </li>
<li>China SXT Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTC#NASDAQ">SXTC</a>) shares rose 23.07% to $0.48. The company's market cap stands at $1.9 million. </li>
<li>TScan Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCRX#NASDAQ">TCRX</a>) stock rose 15.46% to $3.36. The market value of their outstanding shares is at $179.3 million. </li>
<li>RAPT Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAPT#NASDAQ">RAPT</a>) stock increased by 12.71% to $1.95. The market value of their outstanding shares is at $68.1 million. </li>
<li>Revelation Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REVB#NASDAQ">REVB</a>) stock rose 12.64% to $0.34. The company's market cap stands at $2.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Anebulo Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANEB#NASDAQ">ANEB</a>) stock fell 23.5% to $1.24 during Thursday's pre-market session. The market value of their outstanding shares is at $50.9 million. </li>
<li>Tivic Health Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIVC#NASDAQ">TIVC</a>) stock declined by 18.23% to $0.3. The company's market cap stands at $2.5 million. </li>
<li>180 Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNF#NASDAQ">ATNF</a>) stock decreased by 16.56% to $2.42. The company's market cap stands at $4.7 million. </li>
<li>Carmell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTCX#NASDAQ">CTCX</a>) stock decreased by 15.71% to $0.24. The company's market cap stands at $5.0 million. </li>
<li>Theriva Biologics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TOVX#AMEX">TOVX</a>) shares fell 14.78% to $1.5. The company's market cap stands at $4.1 million. </li>
<li>NeuroPace (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPCE#NASDAQ">NPCE</a>) stock decreased by 10.6% to $9.96. The company's market cap stands at $297.2 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Manganese, a crucial component in steelmaking and battery production, has emerged as an outperforming metal in 2024, driven by soaring demand and significant supply disruptions. 



While year-to-date gold is up 18.7%, silver 21.6%, and tin surged a remarkable 28%, manganese rallied almost 33%, making it one of the best <a href="https://www.benzinga.com/markets/commodities/24/04/38114381/critical-minerals-race-heats-up-us-eu-challenge-chinas-dominance">critical mineral performers</a>.



This metal (symbol Mn, atomic number 25) is not found freely in nature but occurs in combination with iron and other minerals. It plays an important role in steelmaking, where it strengthens the metal and reduces brittleness. 



Additionally, manganese is used in batteries and aluminum alloys, making it a crucial element in various industrial applications.



See Also:<a href="https://www.benzinga.com/news/24/06/39273212/canada-adds-3-new-minerals-to-critical-list-for-economic-energy-future"> Canada Adds 3 New Minerals To Critical List For Economic, Energy Future</a>



The supply side of manganese took a major hit when a cyclone severely damaged crucial infrastructure at South32 (OTCPK: SHTLF)&#8217;s Groote Eylandt Mining Co. (GEMCO) operation in northern Australia. The cyclone, which struck in March, caused extensive damage to port and haulage infrastructure, halting high-grade manganese exports and shutting down the operations until at least January 2025.



GEMCO, a joint venture between South32, which owns 60%, and Anglo American (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTCQX">AAUKF</a>), which holds 40%, exported approximately 5 million metric tons of manganese ore in the last year. Per South32's reports, the mine was worth $1.5 billion in the 2023 financial year, with an estimated production of 15% of the global manganese supply.



The suspension of operations at GEMCO has caused a significant supply shock, further exacerbating the tightness in the global manganese market at a time when the demand for metal is soaring.



Still, despite issues, South32 seems more than aware of the importance of this metal, showing an interest in<a href="https://www.benzinga.com/m-a/24/05/38992647/bhps-spinoff-south32-eyes-anglo-americans-manganese-assets"> acquiring Anglo American's stake</a> as Anglo looks to divest from non-core businesses.



&#8220;At the right price, absolutely. We know them better than anyone else,&#8221; said South 32 CEO Graham Kerr.



Existing stockpiles initially mitigated the impact of Cyclone Megan, but as these reserves dwindled, the true extent of the supply problem became evident. Smaller miners benefited from the situation, with pure-play manganese junior miner Jupiter Mines (OTCPK: JMXXF) doubling its price from A$ 0.18 to $A$ 0.37 between March and May.



Per Bloomberg's<a href="https://www.bloomberg.com/news/articles/2024-06-12/forget-copper-and-gold-as-steel-making-raw-material-outperforms"> report</a>, Benchmark Mineral Intelligence analyst Zach Parsons believes that supply constraints and elevated prices could persist until GEMCO resumes operations.



This disruption has prompted other manganese producers to capitalize on the high prices by selling lower-grade materials, providing short-term relief but insufficient to bridge the supply gap.



Now Read:<a href="https://www.benzinga.com/news/24/06/39294066/freeport-mcmoran-plans-production-ramp-up-its-just-a-matter-of-time-new-ceo-says"> Freeport-McMoRan Plans Production Ramp-Up: &#8216;It&#8217;s Just A Matter Of Time&#8217; New CEO Says</a>



Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!



Image: Shutterstock

South32's GEMCO Shutdown Sparks Manganese Price Rally: Market Faces Prolonged Supply Constraint

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