Senin, 11 Januari 2021

Path to Profits: Lithium Is Soaring in the U.S.

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

➤ America's only lithium mine is getting a lot bigger.
Albemarle announced plans to double lithium production from the Silver Peak mine in Nevada by 2025. The company said it’s responding to U.S. electric vehicle makers looking for “greater security” in their supply chains.

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➤ A mining billionaire launched a SPAC for clean energy.
Robert Friedland will raise $200 million for blank-check firm Ivanhoe Capital Acquisition Corp., according to regulatory filings. Friedland is known for developing the major Voisey’s Bay nickel mine in Canada, and the Kamoa-Kakula copper mine in Africa. The SPAC said it will target acquisitions related to the “paradigm shift” away from fossil fuels.

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➤ Indonesia became a battery metals superpower.
Battery giant LG struck a blockbuster $9.8 billion deal to invest in Indonesian electric vehicle manufacturing. Indonesia is the world’s largest producer of nickel, a key battery metal.

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➤ A major nickel mine in Indonesia stalled.
As reported by Reuters, China’s GEM Co. delayed start-up of a new Indonesian nickel mine, due to COVID-19. The mine on the island of Sulawesi had been planned for 2019, but now won’t come online until 2022. Nickel prices rose as much as 5% on the news.

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➤ A former Congress leader joined the junior gold sector.
Canadian-listed Bullfrog Gold announced that John Boehner is joining its board of directors. Boehner was Speaker of the House of Representatives from 2011-2015, and a former House Majority Leader. Bullfrog Gold is developing a new mine in southwest Nevada.

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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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