Energy Prospectus

Trading Economics:
"Lithium carbonate prices in China extended their rally to 497,500 yuan/tonne in the third week of March, marking a gain of over 75% so far in 2022, amid high global demand and projections of scarcity. Sales of electric vehicles powered by lithium batteries are soaring amid the transition to greener energy. According to Adamas Intelligence, a record 25,921 tonnes of lithium carbonate equivalent batteries were deployed to roads during December 2021, a 68% increase on the year and a 31% increase on the month. At the same time, sales of new energy vehicles in China rose by 157% to 3.2 million units in 2021 and are expected to surpass 5 million in 2022. Meanwhile, battery manufacturers race to secure long-term supply contracts due to mineral scarcity. Benchmark Mineral Intelligence estimates a 26,000-tonne shortfall in 2022 and a 300,000 tonne by 2030, as miners cannot keep up with demand."

I am trying to get lithium, nickel and copper companies to host webinars for us soon. I now believe the materials needed for EV are going a lot higher and will likely make EV's unaffordable for most humans.

Fathom Nickel will be hosting a webinar for us on March 31st.

Note from AEGIS yesterday:
"Nickel trading at the London Metals Exchange (LME) reopened at 8AM UK time Wednesday; however, was halted after a technical glitch allowed several trades to occur below the new daily trading limit band. For nickel, the daily price limit is +/- 5% of the prior day’s closing price on the 3M contract. The implementation of trading bands is a rare move for the LME. Citing “orderly market grounds,” the LME closed nickel markets last Tuesday (March 8) after the 3M contract traded to $101,365/mt, a 250% move from the prior Friday’s settle at $28,919/mt. The extraordinary price action stemmed from the “short squeeze” of Chinese nickel and stainless-steel producer who held a large short position in nickel contracts and potentially faced billions in losses. After receiving several bank loans, this Chinese producer has met all margin obligations. The LME needed this trader’s margin calls to be met before trading could resume. All other LME metals now have a daily price limit of +/- 15% the prior day’s closing price on the 3M contract.
Consumers who are concerned about their nickel input costs might consider purchasing swaps or call options. Please note that doing so might incur losses if prices decrease. Please contact AEGIS for specific strategies that fit your operations. (3/16/22)"

Today: Nickel trading on The London Metal Exchange just melted down for a third time: ‘Credibility is very quickly slipping through their fingers’
Read this: https://www.msn.com/en-us/money/markets ... uxbndlbing

I wonder at what time does reality hit for the EV car buyers. I guess they will continue to show strong growth numbers for some time since their baseline share is so low, but absent subsidies, I just don't see the everyday person getting excited about EV's.

For more than a year I've believed that everything about The Green New Deal was a lie. It will be way too expensive and it will not have a positive impact on the environment. In fact, I think the massive increase in surface mining and huge areas of land need for wind and solar projects will significantly destroy our environment.
EV's will be extremely expensive for decent size cars. If you are OK driving a golf cart to work I can understand that.