For many years Gold Stock Trades has been at the cutting edge of new trends like the electrification of the automobile and a resurgence of mining in the USA for precious and battery metals.
I have searched high and low for the best US mineral assets which can supply gigafactories with the much needed metals needed for electric vehicles and technology.
I have written to some of our top leaders to start developing and incentivizing a return to US mining and manufacturing for the following reasons.
We have become energy independent with regards to oil. Nevertheless, we import our most important metals like uranium, copper, rare earths and lithium and are totally reliant on foreign countries to supply a whole litany of the periodic table.
This comes at a huge cost. A major legal case has been launched against the largest tech companies such as Apple, Google, Microsoft and Tesla for using child slave labor.
Families are seeking damages for their relatives that were killed and maimed to provide the materials used in smartphone devices.
This is the first such case and should bring more support for mining in the USA rather than in other places which take advantage of children.
Demand for copper and cobalt is soaring but a lot originates from areas with extreme poverty and no labor laws.
Washington DC is seeing a push led by President Trump to boost domestic mineral production, development and exploration for the first time in decades.
The mine could produce around 27k tonnes of copper annually at a cost below $2 and mine life is at least 13 years but they are also drilling and discovering a lot more copper at surface which is open pit amenable.
This means they could expand significantly and have first mover advantage. The automakers are all looking to expand their battery and electric vehicle making industry in the Western USA.
This demand growth is going to require a lot more battery metals more specifically copper which has not yet moved like gold and silver but could have its day soon possibly turning the corner to hit new highs.
The stock is forming a cup and handle and has broken out above the 200 DMA which is technically bullish.
Listen to my recent interview with the CEO of this new copper producer in the USA...the first one in 10 years!
Please note for full disclosure Jeb Handwerger is a shareholder and they are a Goldstocktrades.com sponsor that means I have a conflict of interest.
Assume Author (Jeb Handwerger) owns shares and that I want to sell them for a profit. I may have received or intend to receive compensation for digital marketing services from these companies. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic.