On Jan. 5, 2021, I identified three megatrends I believed would produce great investment opportunities in 2021.
So now that the year is drawing to a close, let’s go back and revisit those influential trends.
You can read the full article that was published in January here, but for now, here’s a condensed version of the three megatrends I saw leading the charge in 2021 — and how they performed this year.
2021 Trend No. 1 — The Battery Metal Boom
Beginning-of-Year Thoughts: The first major trend that could produce investment winners in 2021 is what I have been calling the “Second Electric Revolution” — the massive worldwide transition from combustion-based modes of power generation to renewable modes that feed an array of electric and battery-based technologies.
Because of this revolution, the upcoming decades will require spectacular volumes of nickel, copper, manganese, lithium and other battery metals.
Unlike traditional internal combustion vehicles, EVs are essentially batteries on wheels… and batteries are basically just hunks of metal.
The average plug-in electric vehicle requires about 200 pounds of copper, which is nearly four times what a midsized internal combustion vehicle requires. Depending on the exact battery chemistry, these vehicles also contain about 50 pounds of nickel, along with meaningful quantities of manganese, aluminum and/or lithium.
Day by day, these “metal hogs” are gaining in popularity and taking market share from internal combustion vehicles.
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Read Full Story: https://investorplace.com/smartmoney/2021/12/evaluating-our-megatrends-of-2021/
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