Wheaton Precious Metals is looking really good right now for a long term investment. If you don't remember, I was telling you all back in october of 18 that as the almost sole provider of nickel and cobalt throughout the world, they would be on fire over the next few years. They've doubled since then and announce earnings today, with major american auto manufacturers beginning to express that they will no longer be producing gas vehicles (GM) by 2023. Expect Ford, and others to follow suit as this progresses, increasing demand for cobalt and nickel used in EV batteries, as well as steadily increasing demand for the magnetic material they harvest in the process of mining nickel-cobalt, because electrical generation requires magnetic material as well.
If sound harvesting technology advances (Kaveh, hint* your engineering aims should be bent toward this) the demand for permanent magnets will only increase as time goes on.
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03-11-2021, 01:31 PM
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