Senin, 18 Januari 2021

Path to Profits: Celebrities Are Funding Battery Metals Mines

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, 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

➤ The Biden administration might kill a copper mine in Minnesota.
Congress prepped a bill banning mining near a wilderness area in the state’s northeast. The move – seen as an indicator for Biden’s stance on mining – would shut down the proposed Twin Metals project.

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➤ Celebrities are financing battery metals mines.
R&B singer Akon signed a deal for a copper-cobalt operation in the Democratic Republic of Congo, Reuters reported. The deal was done through a U.S. private equity fund, which will partner with DR Congo’s state mining firm.

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➤ The world's largest uranium mining nation slashed production.
Kazakhstan cut output of the nuclear fuel by 15% in 2020, its energy minister said in a statement. Kazakhstan is the world’s largest producer of uranium, but it recently vowed to cut supply in the face of currently low prices.

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➤ China's hoarding drove cobalt to new highs.
Prices for the battery metal have already jumped 13% in 2021. Traders said Chinese government buying for strategic stockpiles is the big reason.

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➤ Norway wants to swap offshore oil for offshore metals.
As reported by Reuters, the Norwegian oil ministry said it’s preparing to offer licenses for deep-sea mining of battery metals, including copper and cobalt. The plan – which could begin as early as 2023 – is part of a shift away from traditional fossil fuels.

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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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