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Interesting read:
Investing.com – Tesla (NASDAQ:TSLA) stock traded 1% lower in premarket Wednesday, giving up its previous session’s gains amid reports of the company tying up supplies of nickel in secret deals.
The stock had added $84 billion in valuations Monday on the company’s plans for a second stock split in less than two years.
Tesla is focused on nickel-based chemistries for longer-range vehicles. It uses iron phosphate for shorter-range vehicles.
According to a Bloomberg report, among the many such deals the world’s most valuable automaker signed, is a multiyear supply pact with mining giant Vale. The agreement, which hasn’t been announced, covers nickel from Canada, the report said.
The efforts are part of CEO Elon Musk’s focus on vertical integration to maintain control over the supply chain, important for controlling costs and ensuring timely deliveries.
Musk has repeatedly flagged nickel supply as the company’s biggest concern and the metal’s availability is a source of anxiety throughout the EV sector. Battery-sector demand for nickel is expected to more than triple to about 1.5 million tons in 2030 from 400,745 tons this year, according to BloombergNEF.
Sanctions against Russia over its invasion of Ukraine have added to worries about secure supplies, since the country holds about 17% of global capacity for refined Class 1 nickel, the type required for EVs.
The London Metal Exchange had to intervene on March 8 to calm the nickel market after prices spiked as much as 250% in two sessions to go beyond $100,000 a ton. That spike was due to a short squeeze and the gains have mostly pared since, but the market remains anxious about where prices are headed.
In January, Tesla committed to buy 75,000 metric tons of nickel concentrate from a Talon Metals (TSX:TLO) project being developed in Minnesota. That followed agreements with BHP (NYSE:BHP).
I find it funny how you pick your moments lol
Spread was around ~15% yesterday, not ideal but given the risk reward ratio but nowhere near 30 - 50%, you and me know this has huge potential otherwise you wouldn’t be stupid enough to monitor a share you didn’t have any faith in. Or would you lol ?
Unless you have sold and you are hoping to get in lower.
Either way, I don’t think anybody would listen to this board to make a trading decision, I believe everybody should do there own research and look at the facts
GLA Holders the Trolls will soon be left with their pants down lol ;-)
A total of £95,704 have been bought out of hours in the last 5 trading days totalling 23,990 shares
19th £12k
20th £8,964
21st £19,980
22nd £22,800
25th £31,960
Very exciting times, will be interesting to see who this mystery buyer is?
GLA Holders, the sleeping giant sure is beginning to wake :-)
Well, I for one am a keen investor and can see the potential URU has to offer.
I understand that URU and JZ don’t give regular updates and communication is very poor at times
It’a like a ticking time bomb waiting to explode and people that have been here long enough will understand that it doesn’t take a lot to get this moving and before you know it your locked out from buying
My advice is be patient
I originally bought in at 2p (£20.00) and I have taking it on the chin that I’ve got the timing all wrong. however I remain holding
I believe that a lot of posts on this board have been from people that have been burnt over at MRS and let’s just face it, it’s getting abit boring now,
I get it that you had lost your investment and I fully sympathise with you, but please stop speeding your negativity around the board
Investments can go down as well as well as up and you should only invest what you can afford to lose
If your not invested here then please just move on :-)
There are far more other things going on in the world than to live in the past,
Wish you all good health as always
PS: HH Thanks for the positivity, don’t bite back as there are plenty of investors here know know the potential of URU and are fully with you :-)
Ok last one for me today
https://m.youtube.com/watch?v=H37V-RA_7KU
Have a good day all ;-)
Looking forward to a nice rise in the coming days as more and more attention gets focused on Nickel
projects
GLA Holders :-)