RE: Precious metals continue North2 Feb 2022 09:19
Remember, Russian firms and more importantly Eurasia Mining have a lot of potential to capitalize on higher demand for metals used in manufacturing electric vehicles, wind turbines and super batteries, Apurva Sanghi, lead Russia economist at the World Bank said.
Both the wind power market forecast to grow at a rate of 8% a year by Mordor Intelligence and the electric vehicles industry which Deutsche Bank expects to hit 25 million units a year by 2030 are fast-growing sectors which need metals that Russia has in abundance.
Palladium is essential to reducing emissions from cars. Russia is the single-biggest producer in the world said a representative from Saxo Bank. With governments from every continent falling over themselves to introduce subsidies for low-emissions vehicles, the Japanese, German, American and Asian, car industry will be knocking on the door of [Russias] Eurasia Mining producer of palladium, gold and platinum for their assets.
Hold on to your golden tickets.