Just for fun I bought another 50 ounces of rounds. My usual yearly “ dollar cost averaging” purchase bumped up to January. Worst case scenario? None that I can think of. I figure the mandated solar panels will bump up the price. I wish I could store copper, aluminum, tungsten, neodymium, and cobalt by the ton in my garage. Palladium and Platinum are doomed with the new electric car mandates and subsidies.
If I had a warehouse..... I would by a million tons of carbon fiber strands, fiberglass strands, and aluminum ingots. If I had a big warehouse I would buy 10 million tons of lithium.
What type of place are you buting/selling?
Bank?
Franchise Dealer
By mail?
Demand for nickel for electric car batteries has been increasing.
10 million tons of lithium is probably more than the total proven and probable reserves of lithium on the globe. Production was only 77,000 tons in 2019.
The dirty little secret of the lithium battery electric vehicle world is that there isn’t enough lithium to make more than 5-7% of the worlds vehicles electric.
Its like the hydrogen disconnect. Everybody who touts it envisions a world powered by clean hydrogen generated from separating it out of water...But it costs 5 times less to get it from oil.