Gerardo Del Real,
Editor
July 17, 2024
It’s been a heck of a week… as a country and in the markets.
Despite the recent narrative from Goldman Sachs, major banks, and the market in general — electric vehicle sales are surging.
Kelley Blue Book reports that 330,463 EVs were sold in the US during Q2, which is an 11.3% boost over the same period in 2023 and 23% better than Q1 2024.
Non-Tesla EV sales were up 75% year over year in Q2.
I’ve said it before and I’ll say it again, what’s good for lithium is really good for copper. And capital is starting to act like it.
Just last week, it was reported that Canada's Lundin Mining Corp. (LUN.TO) and mining giant BHP Group (BHP.AX) are weighing a potential joint bid for Filo Corp (FIL.TO).
The C$4B copper company is a natural fit for the two mining giants seeking to replenish depleting reserves at a time where discoveries of significance are becoming fewer and further between.
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That’s one reason why SolGold was able to secure US$750 million for its Cascabel project via a gold streaming deal.
Rio Tinto CEO Jakob Stausholm was quoted last week as saying,
“As we continue the ramp up of Oyu Tolgoi to become one of the world’s largest copper suppliers, we are also looking to the future with new opportunities across the world.”
Meanwhile, gold is at all-time highs and headed higher.
Uranium M&A will continue to accelerate with all eyes on whether Fission Uranium (TSX: FCU) will receive a competing takeout bid after its C$1.14B offer from Paladin Energy.
I believe I’m on to what will be one of the most exciting copper-gold discoveries in the world over the next several years.
Partner, friend, and colleague Nick Hodge and I are also offering subscribers of our accredited investor service, Private Placement Intel, access to what we believe will be one of the best lithium deals this year. You can access that deal by clicking here.
It’s an interesting time out there, folks.
Despite the volatility that accompanies every Fourth Turning, there is a lot of opportunity, and we’re going to keep working hard to deliver ideas and opportunities to profit from.
Let’s get it!
Gerardo Del Real
Editor, Daily Profit Cycle