Categories: General Market Commentary- DPC
Topics: General Market Commentary- DPC

Battery Investments and Electric Buses

Since last week: 

Recently released Fed minutes from the July 25-26 meeting showed concern about stubborn inflation, causing speculation that rate increases will keep coming. 

1. Trouble Ahead?

What happens if the US gets more serious about lessening economic ties with an ailing China? That’s something economists are becoming increasingly worried about as it could hinder growth and ripple out across the world. If it does happen, you will need to be prepared by protecting your personal wealth. 

2. India’s Buses 

India recently approved a $7 billion investment for green public transportation that will deploy 10,000 electric buses in cities across the country. This helped rally the share prices of companies that make electric buses. Moves like this from world governments will only raise demand for the metals these electric vehicles use.

3. GM’s Battery Investment

General Motors is at the front of an investment round for a startup that is researching cathode active minerals for GM’s EV batteries. The batteries they are looking to design would be less complex and would cost less to produce. The battery race is on and automakers are going to do everything they can to partner with companies that can give them any advantage. This ties in with increased lithium demand that investors should be paying attention to. 

4. Coinbase’s Futures

Two years after applying for approval, Coinbase can now list crypto futures in the US. This makes Coinbase the first crypto-focused platform in the US to offer regulated and leveraged crypto futures. It could also expand into untapped territory with this decision. These are the kinds of developments that shape the crypto space and allow investors in the sector to stay on top of the things that can help them profit. 

What to Look For:

Defying expectations, the US economy is growing, making the Fed’s plans harder. It may take a while still for their policies to take effect.

Ryan Stancil
Editor, Daily Profit Cycle