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LOL......when they can't bring a component of inflation down, just take it out of the equation.
Seems a little too hot
That's pretty slick...;)
Thanks...interesting, I haven't tried any AI systems, but I can see the application to save cost.
Stability AI CEO says AI will prove more disruptive than the pandemic
https://www.goldmansachs.com/intelligence/pages/stability-ai-ceo-says-ai-will-prove-more-disruptive-than-the-pandemic.html?chl=em&plt=briefings&cid=407&plc=intro?chl=em&plt=briefings&cid=407&plc=intro&bt_ee=ATUzvAXjmS7W6GGfrVVt02kVYX%2F%2BQ5tnZ4TGKlrYrSt2BRdl3WHVjZdzgB65Ra7s&bt_ts=1684948321149
Interested in all opinions on AI from an application perspective. The companies providing the hardware and software see AI as a revenue stream. From the customers perspective, is AI seen as a cost cutting tool, or a revenue generating tool, or a mixture of both. For me, it looks like a cost cutting tool for most companies, with revenue a lesser focus, at least in the near term. AI cost cutting will help companies maintain, or improve margins quickly. What is the "low hanging fruit", to cut?
For certain...and oh...look it's up 14% after hours. ;) Maybe it's just me, but it seemed "pricey" before the earnings report. Darling stock
Chip wars with China risk ‘enormous damage’ to US tech, says Nvidia chief
https://finance.yahoo.com/m/161fe7e4-e51e-3699-a873-a108b45e613a/chip-wars-with-china-risk.html
Commercial real estate poses risks to US banks - and lenders should brace for higher interest rates, JPMorgan CEO Jamie Dimon warns
https://finance.yahoo.com/news/commercial-real-estate-poses-risks-185708735.html
Hmmm......wonder if anyone really knows how deep this issue goes?
Yes....Cu price drop is a head scratch-er, only explanation makes any sense is concern about China. Basic thesis is still intact, assuming the new energy world moves forward, Cu will be in deficit. I look at the price drop as an opportunity to buy shares at a discount.
Ford strikes lithium deals to support step up in EV output
https://www.mining.com/web/ford-strikes-lithium-deals-to-support-step-up-in-ev-output/
Compass Minerals Signs Binding Multiyear Agreement to Supply Ford Motor Company with Battery-Grade Lithium Carbonate
https://finance.yahoo.com/news/compass-minerals-signs-binding-multiyear-110000653.html
As Musk said converting Li into downstream products is like printing money. As I posted yesterday the reason I decided to establish positions in ALB, PKX and add to ABML. I already own CMP. As Li miners move downstream they improve their income stream. ALB, PKX are positioning themselves to be winners in the race. Allkem/Livent also.
For what it's worth, Morningstar has a $350 share fair value price on ALB and (from memory)
$80 on PKX.
Interestingly....Cu seems to be warning a downturn........
Copper miners falling.....lithium miners ALB, PKX, CMP rising......Ford effect.
Intriguing opportunity?
https://finance.yahoo.com/news/major-deposits-magnetic-rare-earth-201500636.html
There is still a lot of work to be done before deciding to mine REE's, but the possibility looks promising. What makes this a more interesting possibility (assuming no additional permitting is required) is the mining operation for coal is permitted and set to begin this year. If there is no additional permitting, presumably, REE's could be exploited in a much shorter time frame.............interesting.
Opened positions , ALB & PKX. As EV manufacturers ink long term agreements for Lithium Carbonate and Lithium Hydroxide, those manufacturers that can deliver will be in great demand. ALB & PKX fit the bill. Adding to my ABML, company is well positioned to be a supplier in the coming years.
To me, a bit puzzling. Why not just acquire a going concern in production, or fully permitted headed to production?
US officials remove key obstacle to Thacker Pass lithium project
https://finance.yahoo.com/news/us-officials-remove-key-obstacle-200433281.html
Finally......
Core Lithium receives authorization to open their BP33 prospect for mine operations. All that remains is the Core board to approve the plan to mine BP33....kudos to Core BP33 dramatically increases the (potential) annual output. I assume the operation will be approved.
Sold a majority of Allkem position. Like the merger and would look at adding on correction.
Deep dive into ALB vs PKX to add downstream processor of Lithium to my holdings. Long story short, beyond the Lithium hydroxide JV with Pilbara, PKX has battery materials processing lines feeding battery manufacturers, proprietary DLE technology, and produces Lithium Carbonate. They also have a host of other divisions that broaden exposure: energy agriculture, and steel production. PKX is extremely well positioned to feed materials to the battery manufacturers in Korea, and across Asia. They are approximately the same MC as ALB. Bottom line both are attractive based on their individual strengths in the respective geographic locals. For the moment PKX looks like the more attractive option due to it's holdings beyond Lithium.
up 15% on the ASX yesterday
https://www2.asx.com.au/markets/company/ake
They certainly dominate the new energy economy...we better wake up.
IBM commercial boss warns managers to start using A.I., or risk being replaced. He’s not alone
https://finance.yahoo.com/news/ibm-commercial-boss-warns-managers-114306476.html
Could be the new driver of productivity
Investors apparently like the Allkem/Livent merger....Allkem up 13% on 5x average daily volume
SCCO is pricey, don't see much upside from here. I'm still holding shares, but will sell if it continues to stall in the mid 70's. Copper probably treads water until there's more clarity on global economic condition.
Behind a pay wall. Be interesting to see which deals were denied.
Allkem/Livent Merger Presentation
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02664721-2A1448769?access_token=83ff96335c2d45a094df02a206a39ff4
They will be a force in the industry. For me, worth considering additional shares to current position on any price weakness.
Will M&A activity accelerate? This merger ups the bar. Personally, I'd be amenable to Pilbara merging with an integrated miner/chemical processor, that would create another powerful entity.
Allkem and Livent to Create a Leading Global Integrated Lithium Chemicals Producer
https://www.prnewswire.com/news-releases/allkem-and-livent-to-create-a-leading-global-integrated-lithium-chemicals-producer-301820685.html
Congrats to Allkem investors. This is a great combination.....
Great merger...Allkem and Livent to Create a Leading Global Integrated Lithium Chemicals Producer
https://finance.yahoo.com/news/allkem-livent-create-leading-global-091600195.html
The companies complement each others strengths to create a well positioned company ready to exploit growing Lithium demand.
Canadian group led by Pierre Lassonde plans to buy Teck's coal mines
https://www.mining.com/subscribe-login/?id=1117410
Bloomberg headline: Goldman’s Marcus Hikes Yield to 4.15%, Matching New Apple Product
The boost to Marcus’s high-yield savings product comes after the Fed hiked rates for what’s likely the last time in this cycle.
day to sell...closed TECK, FQVLF positions. Pared SCHD, COWZ, VDIGX and VDADX. Sold small percentage of my PILBF to cover cost basis on the position. My crystal ball is flashing red. I see companies still able to raise prices keeping inflation pressures elevated. I don't trust the talking down of risk in the banking sector; it's not that simple. I think the FED will probably raise again in June, perfectly juxtaposed with the SJC ruling on student loans (which I believe will strike down Biden's plan)....bad for equities. Perfectly secure investments returning 5+% are plentiful. Is there room for equities to grow....maybe, but why take the chance? Relax and wait for the correction.....
China poses greatest risk to Europe's carmakers - Allianz Trade study
https://finance.yahoo.com/news/china-poses-greatest-risk-europes-230100857.html
Elon Musk and Tesla break ground on massive Texas lithium refinery
https://finance.yahoo.com/news/1-tesla-plans-produce-lithium-205203101.html
Musk has urged entrepreneurs to enter the lithium refining business, saying it is like "minting money."
"We intend to continue to use suppliers of lithium, so it's not that Tesla will do all of it," Musk said.
Undersupply of magnet rare earths to hit 60,000 tonnes by 2030
https://www.mining.com/supply-of-rare-earth-magnets-wont-keep-with-demand-by-2040-report/
American worker productivity is declining at the fastest rate in 75 years—and it could see CEOs go to war against WFH
https://finance.yahoo.com/news/american-worker-productivity-declining-fastest-181131658.html
This is a growing problem that needs to be addressed. As AI advances it may offer the answer. If you are in a field that AI can be utilized, you may want to consider a new career.
Who would have thought that people working from home are less productive......
Copper mine flashes warning of ‘huge crisis’ for world supply
https://www.mining.com/web/copper-mine-flashes-warning-of-huge-crisis-for-world-supply/
“There’s a huge crisis,” says Doug Kirwin, one of the earliest geologists to work at the deposit that became Oyu Tolgoi, or Turquoise Hill, named after the area’s rocks, stained by oxidized copper.
“There’s no way we can supply the amount of copper in the next 10 years to drive the energy transition and carbon zero. It’s not going to happen,” adds Kirwin, now an independent consulting geologist. “There’s just not enough copper deposits being found or developed.”
Analysts at Wood Mackenzie estimate a greener world will be short about six million tons of copper by next decade, meaning 12 new Oyu Tolgois need to come online within that period.
But they aren’t — there are simply not enough new mines, much less enough large ones. The result is a gap: BloombergNEF estimates appetite for refined copper will grow by 53% by 2040, but mine supply will climb only 16%.
Bloomberg interviews Australian miners...here's Pilbara interview.
https://www.bloomberg.com/news/videos/2023-05-03/pilbara-minerals-on-outlook-for-lithium
I have COPJ, TECK, FCX, SCCO, HMY, FQVLF, CPPMF, CSCCF. The trend in the industry is consolidation and expanding existing assets, before opening new mines. I see more mergers and acquisitions in the future. Look at SA....great opportunity in their KSM prospect, but even after pouring millions into development the estimated capex to open the mine is an additional 5-6 billion C$ and a multi-year development timeline. KSM will probably be developed, but acquisitions and mergers are an easier route (today) to boost capacity and profit from increasing demand.
I would selectively add to some positions if prices retrace.
Tesla has said they aren't interested in miners, they want more Lithium Hydroxide facilities. SGML is years behind Pilbara in production capacity. In my opinion, fully priced at this point. I'm focusing on copper miners now. Copper mines are capex intensive hence the M&A activity with more to come, and most of the working mines are at or reaching peak production. In the long run, copper will probably be a bigger issue than Lithium.
China EV Sales: Li Auto Posts Blowout April; LI's Tesla Model Y Rival Off To A Hot Start
https://www.investors.com/news/china-ev-sales-li-auto-blowout-april-nio-xpeng/?src=A00220