Hey guys, Dave here, and welcome to Path to Profits. There’s a lot of exciting stuff going on in geotech, strategic materials, finance, and the companies that drive those trends… 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… | This Week's Top Hotspots ➤ Natural gas might be the next commodity to hit negative prices. Gas producers across North America are running out of storage space. Drillers typically store gas underground during the current “shoulder season” until demand rises in the winter. But with facilities near full, companies could be forced to give it away. ➤ Elon Musk said he'll reshape the mining business. As part of Tesla’s “Battery Day” last week, the CEO said he’s got ways to reduce nickel mining costs by up to 76%. Musk called current mining methods “insanely complicated” and said the sector is a “big target” for Tesla. He also said Tesla has secured rights to a lithium mining site in Nevada. ➤ The next high-tech commodity could be coal. The U.S. Department of Energy announced a $1 million grant to extract rare earth metals from coal waste. A consortium led by Texas Mineral Resources will set up a pilot plant in Pennsylvania. ➤ A truce in Libya became an unexpected problem for the oil market. Improving security prompted the north African nation to reopen three crude export ports, Bloomberg reported. Libya was a significant oil exporter until the ports closed last January. This production returning amid COVID-19 demand loss could be negative for prices. ➤ Environmentalists caught mining executives in a sting operation. A group calling itself the “Environmental Investigation Agency” posed as Chinese investors on a Zoom call with heads of the proposed Pebble copper-gold mine in Alaska. The group claims executives boasted on tape of having influence over top political figures involved in the mine’s permitting. Keep walking the path, David 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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