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08 Mar 2021
Gold rebounds from 9-month trough on U.S. stimulus, lower bond yields
(Read more)[Reuters] Gold rebounded on Monday from a nine-month low hit last week, as bond yields retreated and the passage of a massive U.S. stimulus package boosted bullion's appeal as a hedge against inflation. Spot gold rose 0.4% to $1,707.81 per ounce by 0523 GMT, after hitting its lowest since June 8 at $1,686.40 on Friday.
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08 Mar 2021
Rechargeable Battery Industry: Everyone Wants Nickel
(Read more)John Ko (Business Korea): 'We believe that rechargeable battery industry players on both the demand side and the supply side will actively seek to secure supply chains for nickel. To this end, Tesla has signed contracts with a number of mining companies to supply nickel, and LG Energy Solution is seeking to establish a nickel mining JV (based on media) with Indonesian mining company ANTAM.'
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07 Mar 2021
China’s EV war: titans driving revolution in sector spell out challenges and strategies
(Read more)[SCMP]: A clutch of Chinese billionaires have...ramped up the development and production of next-generation cars...Robin Li, the founder of Baidu, the Chinese search-engine giant, and entrepreneurs William Li (NIO) and He Xiaopeng (Xpeng)...Elsewhere, Li Shufu, a guru of the country’s automotive industry, has unveiled plans to transform Zhejiang Geely Holding, one of China’s biggest carmakers and owner of Sweden’s Volvo Cars, into an electric-vehicle (EV) powerhouse. In fact, Baidu and Geely have partnered up to design new EVs with the aim of shaking up the sector.
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05 Mar 2021
American Gold & Silver Eagle Bullion Coin Sales Surge Upward in 2021
(Read more)Newsmax: Due to the COVID-19 pandemic, industrial demand was down 7%, but physical investment demand rose 16%, from 186.1 million ounces in 2019 to 215.8 million ounces in 2020. When the global economy picks up in 2021, industrial demand will likely soar, while investment demand could also increase, pushing silver prices up further.
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05 Mar 2021
No Respect: Gold, Silver, Bitcoin and Debt
(Read more)M.Ballanger: "The culprit... was a global pandemic...which allowed the perfect cover....for the large money-center banks to get "reliquefied" as custodians of the COVID-19 bailout binge. That binge has taken stocks to record highs, as economic activity collapsed and now represents an even greater threat to human survival than the actual virus."
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05 Mar 2021
Tesla to become adviser on nickel project in bid to secure key metal
(Read more)FT's H. Sanderson: 'Tesla has agreed to buy nickel from a mine in New Caledonia in a move to secure its supply of the battery metal...The move comes amid growing concerns about future supplies of nickel...Nickel is needed for the most powerful lithium-ion batteries used in electric vehicles.'
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04 Mar 2021
DeepGreen to go public via $2.9 billion SPAC deal
(Read more)Reuters: DeepGreen Metals, a Canadian EV battery metals maker, will be acquired by Sustainable Opportunities Acquisition Corp (a SPAC that raised $300m in an IPO in 2020) in a $2.9 billion deal. DeepGreen intends to produce metals from rocks found in deep oceans, for use in batteries that will power electric vehicles. The company’s partners include Danish shipping company Maersk and Swiss offshore drilling company Allseas Group SA.
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04 Mar 2021
The $1 Trillion Electric Vehicle Boom Is Just Getting Started
(Read more)The Electrobat, the world’s first electric vehicle, could only run for 25 miles on one charge, at just 20 MPH…The EVs of 2021 are expected to have a range of over 500 miles...Many companies struggled throughout 2020 as businesses were shuttered for months during government lockdowns. But two industries have taken off since the pandemic began: EVs and the tech/biotech solutions focused on tackling COVID-19.
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04 Mar 2021
Gerald Celente - American Empire Has Ended, The Chinese Century is Here
SBTV spoke with Gerald Celente, founder of the Trends Research Institute, about the transition of power from West to East. Gerald sees the U.S. influence waning from the trillions of dollars wasted in wars while China focuses on commerce and infrastructure building.
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03 Mar 2021
USA Today: Gold, silver and other precious metals poured in to the U.S. as purchases of other overseas items dropped. Here's why.
(Read more)USA Today: 'The value of precious metals pouring into the country hit a 19-year high last year, a $55 billion influx that doubled the volume of 2019...In the first five months of last year, Switzerland shipped about 286 tons of gold to the U.S. – more than it had in all of the preceding 10 years combined, according to Standard Chartered Bank.'