Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I was going to mention him being a bit conspiratorial, that aside it doesn't invalidate the shipping/supply line or agricultural data which comes from industry publications. His interpretation of "why" might be wrong, but the data itself is the data and the state of play.
It's not temporary, there are shipping backlogs and agricultural shortages and a whole host of other issues coming behind this that people can't see. I know you might think this is just some guy on you tube, but he is really, really switched on and is involved in farming and etc, his content is incredibly well researched and backed up with facts. Ice Age Farmer - watch his last video, 50 minutes long but the best 50 minutes you'll ever invest in anything, the supply issues, shortages of everything - meat, grain, - everything is going to hit like a tsunami - inflation will rocket from here within probably 4 to 8 weeks.
I can't remember the exact numbers, but for the EU alone to meet it's green energy requirements it would need 1300% of the annual global cobalt production, and hundreds of percent of other metals annual global production. Add in the rest of the world and if they make this political objective then metals are going to be in serious demand and prices should rocket. Makes me wonder what politicians are thinking really. You can't magic up say 30 to 50 times annual global production of various metals just because you have a policy to do it.
Great call welloil. As mentioned already the US market took a battering yesterday and it might get flattened today. I've been predicting it for a while, how they can say there is no inflation problem with lumber etc up 200%+ is staggering, especially if you then look at the FED chart for M1 money supply (which they are now no longer reporting for the first time ever) - from 4 trillion to over 18 trillion in 12 months. Maybe that's why lumber prices are up, they need it all to print more money LoL.
Having just really started getting more into metals (and I know some of you guys have been into metals for a long time) I'd like to get some exposure to precious metals. Been looking at sylvania platinum, would anyone be kind enough to mention some gold producers so I can go take a look please? Or other ways to get into gold/etc which doesn't involve buying coins or bars. Thanks.
I can see 27p shortish term, 40p - 50p 12 months to 18 months, and in 5 years??? £1+ depending on metals prices.
If you look at the demand for metals due to the green push, it's nuts. Like for example for the EU (not inc UK) to meet their green agenda, they'd need 1300% of annual global production of cobalt, and multiples of all other metals in the hundreds of percent.
In the midst of other industries needing it too, prices should rocket.
That was the total M/cap