Will Elon Musk Buy a Silver Mine? Silver to $125 as EV Companies Drive Demand: Keith Neumeyer
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Source link
Cobalt prices plunge as EV makers turn to nickel-based batteries
Cobalt, a key metal in making electric vehicles (EV) batteries, will likely be under pressure in 2023 faced with competition from nickel-based lithium-ion batteries, estimates of surplus supply and projections of slack demand from the electronic sector. According to the Trading Economics Website, cobalt prices have declined by over 31 per cent since the beginning of […]
Cobalt’s battery-powered boom in 2022 on EV demand surge busts
A blistering rally in the cobalt market is turning into a rout, putting pressure on miners and offering tentative cost relief for carmakers after a surge in battery metal prices last year. Cobalt rallied sharply early in 2022 as demand for electric vehicles surged. But while automotive […]
Elon Musk Accuses Two Influential Firms of Controlling the Stock Market
Elon Musk likes to attack circles of power. It’s as if he’s on a mission.Nothing seems to motivate him more than slapping a revered institution or icon. He seems to be committed to challenging all forms of representations of power.During the past few weeks, the Techno King, as he’s known at Tesla (TSLA) – Get Free Report, […]