SX Gold & Metals Advisor | July 27, 2021
Exciting Times for Battery Metals
As gold struggles to gain traction in the face of new virus-related fears and silver languishes, the battery metals have taken a commanding lead over the precious metals.
What began as an explosive lithium price upmove earlier this spring has since expanded to include nickel, another key metal for the red-hot electric vehicle (EV) market. Our exposure to both metals—via market-tracking ETFs and ETNs—has allowed us to participate in what has so far been an exciting summer rally for both metals.
Meanwhile, another key industrial metal—copper—is showing signs of returning to a position of strength after a two-month slump. And while steel hasn’t yet joined the party, there are preliminary signs that a steel market rebound could be in the works.
There is still time too to join me and my fellow Cabot Wealth analysts for our 9th Annual Smarter Investing, Greater Profits Online Conference, August 17-19, where we will present our look ahead and some of our best picks for the next year.