Senin, 20 Juli 2020

Path to Profits: Tesla Tops the Charts in China

CASEY DAILY DISPATCH - Casey Research

Hey guys, Dave here, and welcome to Path to Profits.

There’s a lot of exciting stuff going on in geotech, strategic materials, and finance…

You see, no one covers this space like we do. So every week, I’ll highlight the top hotspots gaining momentum in the media.

It’s how we find our best money-making opportunities, just ripe for big gains.

Check out this week’s top hotspots below to find out which trends are gaining traction… including how Tesla is topping the electric vehicle charts in China…

This Week's Top Hotspots

➤ House officials quashed President Trump's uranium reserve.
The Committee on Appropriations cited a “lack of justification” for the stockpile, part of the budget unveiled earlier this year. Officials asked for more details on the plan from the Department of Energy, including exactly how purchases of uranium would work.

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➤ Gold company takeovers hit a fever pitch.
Q2 saw 12 deals worth $2.86 billion, according to Bank of America Securities. That’s the highest level since 2012 and included a $1.7 billion “elephant” deal between silver producer SSR Mining and Turkish miner Alacer Gold.

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➤ Japan introduced a battery-powered bullet train.
As reported by Gizmodo, the new N700S line running between Tokyo and Osaka will be able to run for a short time completely on its own power. The battery will be used if a natural disaster like an earthquake cuts electricity supply during a trip.

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➤ Egypt required all new vehicles to run on natural gas.
In a bid to cut gasoline bills, the government said it will only license cars and trucks powered by natural gas. President Abdel-Fattah El-Sisi announced $500 million in funding to help convert existing vehicles to natural gas power.

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➤ Tesla continued crushing sales records in China.
Registrations of the electric vehicles surged 32% in June to an all-time high, Bloomberg reported. That comes after Tesla became China’s top-selling EV brand in May.

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Keep walking the path,

Dave Forest
Editor, Path to Profits

P.S. If you have any questions or comments about Path to Profits, you can send me a message at feedback@caseyresearch.com.

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