Strategic Metals Update - March 8

[dan_s]

I have a nickel company on my Watch List, which I am hoping to get to host a webinar for us.

I remain very bullish on strategic metals like copper, silver and nickel.
Check this price chart: https://tradingeconomics.com/commodity/nickel

Trading Economics:
"Nickel futures surged to $80,025 per tonne, having topped the $100,000 mark for the first time ever and almost tripling in value in the last 2 sessions as Western sanctions against Russia over its invasion of Ukraine sparked concerns over the metal supply. The unprecedented move in the nickel market led the London Metal Exchange to halt trading for the remainder of Tuesday's session. Russia accounts for about 10% of the global nickel supply, mainly for use in stainless steel and electric vehicle batteries. Nickel was already rallying before Russia’s invasion of Ukraine as robust demand from the stainless steel and battery industry drained inventories, which now stand at 76,830 tonnes in LME-registered warehouses, their lowest since 2019."

Let me be clear: I think most if not all electric vehicle stocks are grossly over-priced. However, I think there is big money to be made on the strategic metals that are used in EVs and all rechargeable batteries.

E3 Metals is hosting a Houston luncheon for us on March 17. You must register on the EPG website to attend this very timely presentation and you get a free lunch.