Stars are aligning for uranium price rally
Two new reports argue for a leap in uranium prices as China commits to 46% increase in nuclear capacity, Europe designates it "green" and inventory is hoovered up.
Frik Els
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
50-year gold price vs stocks chart shows bullion fair value above $2,500
Gold vs the S&P 500 since end of gold standard indicates bullion’s bull run to resume based on historical norm. That, or stocks are in for a beating.
EV Metal Index doubles year-on-year as lithium, cobalt prices rally
Despite a big drop from December’s blowout high, January 2021 still ranks as the fourth best month for the MINING.COM EV Metal Index thanks to rising cobalt, nickel and lithium prices.
Cobalt, nickel free electric car batteries are a runaway success
Few months in, LFP Model 3 already commands 5% of global EV market, counts for 21% of Tesla battery capacity hitting roads–even before key patent expiry next year.
Copper price crashes through $4.00, down 7%
Massive selloff in industrial metals wipes billions off mining stocks – Freeport down 14%, Rio Tinto 11% for the week.
Copper, nickel price: 3 charts that bolster the bear case
The mad surge in the copper price took even ardent bulls by surprise, but doubts are beginning to creep in about the sustainability of the rally, at least in the short term.
Nickel, cobalt price: 10 charts show China’s grip on battery supply chain to last decades
Beijing's response to Biden executive order on critical minerals: "Artificial efforts to shift these chains and to decouple is not realistic."
Why Tesla isn’t a “battery company”
Even when assigning zero value to automakers’ non-EV business, Tesla’s valuation based solely on battery capacity deployed are multiples of Volkswagen, GM, BYD, Hyundai, Nissan and others.
EV metal index beats record by 54% as electric cars reach tipping point
MINING.COM EV Metal Index surges to over $500m of lithium, graphite, cobalt and nickel in newly-sold electric cars worldwide in one month as prices continue to climb and deployment smashes previous records.
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Goldman doubles down: Record-high copper price within a year
"Nearly $16 trillion would have to go into green-focused infrastructure to achieve decarbonisation targets, compared to $10 trillion in China during last supercycle.”