Elon Musk Is Scouring the Earth for This Metal... Here’s How You Can Profit

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! Every day, Nomi shines a light on The Great Distortion. It’s a permanent disconnect between the markets and the real economy. And it’s set to intensify… Nomi believes the next chapter of The Great Distortion will begin in August, thanks to an event that is guaranteed to happen. It could trigger a $4 trillion market shock… and give investors the chance to make up to 10x in less than a month, even if stocks are crashing. To learn more, be sure to [join Nomi at an urgent investment briefing she’s holding on Wednesday, June 15 at 8pm ET](. Elon Musk Is Scouring the Earth for This Metal… Here’s How You Can Profit By Nomi Prins, Editor, Inside Wall Street with Nomi Prins [Yesterday]( I wrote to you about a metal that will play a big role in the growth of the electric vehicle (EV) market – lithium. It’s a metal that has grown in prominence because of the Great Distortion between money flowing to markets instead of the real economy. What happened is that the real economy was transforming in the areas of New Energy, Infrastructure, Transformative Technology, Meta-Reality, and New Money. Yet, Wall Street was using the trillions of dollars the Fed fabricated to bet on financial assets, rather than physical assets, or activities such as mining. Now, that practice has shifted to invest in such assets… and metals like lithium. Today, I’m going to tell you about another metal that has grown in prominence because of The Great Distortion. And it’s one that is squarely on Elon Musk’s radar. He’s even called it Tesla’s “biggest concern.” I’ll get to that in just a moment… But first, I want to quickly mention a special briefing I’m holding on [Wednesday, June 15 at 8 p.m. ET](. It’s about an event that’s coming up in August… one that I believe will trigger a $4 trillion market shock… and kick off the next chapter of The Great Distortion. I want to make sure you’re on the right side of it. So I’m going to reveal all the details of a special strategy I’ve been working on for the last two years. It’s a way to level the playing field for regular investors in these distorted times. Using my special strategy, you can benefit alongside the people usually at the top of the financial food chain – those who control the money. [To be among the first to reserve your spot at my urgent investment briefing, just click here](. I’d love to see as many Inside Wall Street readers as possible there. Now, back to today’s essay… Recommended Link [Former Goldman Sachs PhD: "Never returning to normal"]( [image]( PhD Economist: “Don’t Bet on It” According to former Goldman Sachs executive, Nomi Prins… Americans who are hoping for a ‘return to normal’ are going to be shocked when they see what happens next in America. She says, “If you’re betting your job, savings, or retirement accounts on a return to ‘normal’ you’re about to be left behind by a brand-new crisis few see coming.” [Click here now to see America’s next crisis.]( -- Musk Is Concerned About Sourcing This Battery Metal The second metal I want to talk to you about is nickel. It’s another metal that’s set to soar as the EV megatrend takes off. [As I mentioned yesterday]( nickel accounts for almost one-third of the cost of the metal used in EV batteries. That’s because nickel makes batteries more energy-dense, allowing them to go longer on a single charge. Currently, about 9% of new vehicles sold in the world’s major markets are electric. But Bloomberg estimates that by 2030, that figure will rise to about 50%. To make this transition a reality, the world will need a lot of nickel. [Featured: Be Warned: Fill Up While You Can, America…]( Right now, we use about 2.4 million metric tons of nickel a year. It’s used extensively in steel making, coatings and, of course, EV batteries. But the [New Energy]( transition and EV megatrend are poised to increase demand for nickel dramatically. It’s something the world’s most famous EV manufacturer has been pounding the table on… Back in 2020, Tesla CEO Elon Musk pleaded with mining industry CEOs to mine more nickel: Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way. And in February last year, he tweeted: Nickel is our biggest concern for scaling lithium-ion cell production. And it’s not just Tesla looking for nickel. Management consulting firm McKinsey and Company projects that nickel demand could jump by as much as 66% by 2030. That should push nickel prices higher. Recommended Link [The Hidden Truth About the Market Crash…]( [image]( Facebook… Netflix… Rivian… Right now, tech stocks are getting hammered. And while these recent moves caught many experts off guard. (Billionaire Bill Ackman lost $435 million on Netflix alone…) Jeff Brown predicted this crash back in the summer of 2020. Back then, he said stocks like Zoom and Peloton needed to fall 80% to be fairly valued. [He was ridiculed at the time… However, his prediction ended up being 100% correct.]( Today, he sees something coming in the markets that, again, no one else is predicting… And, in fact, even Warren Buffett stands to lose close to $1 billion in this new crisis. If you’ve got any money in the market.. or are considering “buying the dip”… [Watch This Video First…]( -- Supply in a Precarious Position On top of that, right now, nickel supplies are under threat… You see, Russia plays an important role in the global nickel market. It supplies about 20% of the world’s Class 1 (99.8% pure) nickel. And nickel could get caught in the crossfire in its ongoing war in Ukraine… We’ve already seen how this could potentially play out… On March 8, Russian president Vladimir Putin announced a ban on the export of unspecified raw materials and commodities. Although it wasn’t specifically mentioned, the price of nickel spiked to over $100,000 per metric ton. It delivered a 200% gain in just one day, which was unprecedented. You can see the huge spike in the chart below… [Chart] I can’t say for sure that Putin’s announcement directly caused the spike in the nickel price… But as a result of this sudden price action, the London Metal Exchange (LME) ended up suspending trading in the commodity for more than a week. The LME is the world center for the trading of industrial metals. It’s where the majority of all non-ferrous metal business happens. It handles all nickel trading. The nickel price has since retreated. It’s currently trading around $29,500 per metric ton. But even without an export ban, Russian nickel miners have faced transport and other problems after the West turned up the heat on Russia. Now, on the other side, neither the U.S. nor the EU have blocked nickel imports… yet. But with no sign of Russia calling off its war in Ukraine, it’s a distinct possibility. And the nickel price reflects that… Despite pulling back and leveling off over the past few months, nickel is still up nearly 60% year on year. And the first whiff of suspicion that sanctions may choke off Russia’s exports could send the price soaring once again. [Featured: Tech World Legend: This Is About to Cancel Wall Street]( No Easy Solution in Sight “Well, why don’t they just build more nickel mines?” you might be wondering. Unfortunately, it’s not that easy. It takes decades to build a world-class nickel mine. And they are notoriously expensive to operate. Most nickel deposits contain a lot of by-product iron. That’s a problem for EV battery manufacturers who need very pure nickel metal. And the process to remove the iron impurities is expensive and environmentally unfriendly. That makes it difficult and uneconomical for miners to finance and permit these mines. Which means fewer mines are getting built. Now, Russia’s main nickel miner, Norilsk Nickel, has a crucial advantage over most other nickel mines. That’s because the nickel it mines exists at its mine alongside platinum, palladium, and other metals. This makes it easier (and cheaper) to mine as they dig for the precious metals. But even if prices rise high enough to encourage the necessary mine development outside Russia, it will still take years for those mines to come online. That’s why Tesla has been scouring the globe for the metal, signing pacts with several nickel suppliers. In January, it bought into the Tamarack nickel mine development in Minnesota, which expects to begin production in 2025. This is Tesla’s first U.S. nickel supply deal. It also has deals with BHP, a mining company in Australia, and Prony Resources in New Caledonia, in the southwestern Pacific Ocean. And last month, Tesla signed a long-term nickel supply deal with Brazilian miner Vale. It will buy nickel from Vale’s mines in Canada, which produced 76,000 metric tons of nickel last year. If companies like Tesla are proactively looking to do deals with nickel miners, it just goes to show how serious the nickel supply situation is. Recommended Link [Historic Crypto Event Coming as early as August 1st]( [image]( Multi-millionaire Teeka Tiwari says a historic [event is coming as soon as August 1st, 2022…]( Teeka has accurately forecasted: - The 2022 crypto crash… - The 2018 crypto winter… - The crypto boom of 2017… - And the #1 crypto for six years straight (2016, 2017, 2018, 2019, 2020, and 2021)... Now he says this is the [#1 step you MUST take to protect your wealth]( before August 1st… [Watch the Urgent Briefing Now. (Plus find out the #1 step you MUST take before August 1st)]( -- What This Means For Your Money These are the reasons I’m so optimistic about nickel… and the companies that mine it. In fact, we have a classic bull scenario unfolding. Demand is increasing, due to the growing EV trend. But supply is unlikely to be able to keep pace. This is a direct result of the Great Distortion I’ve been telling you about – not enough money was used to source raw materials, or for domestic production and manufacturing. We are seeing this play out in supply chain disruptions that are taking too long to adjust. This is pushing up prices for ordinary people. And as I mentioned yesterday, [the White House now wants to play catch-up]( – because it wasn’t doing enough for the real economy as the Great Distortion was growing. But investors who know where to look can profit from this distortion… As I mentioned above, there’s an event that is guaranteed to happen in August. And I believe it will trigger a $4 trillion market shock. It could send some stocks soaring… while others fall to new lows. The good news is, the strategy I mentioned up top can help level the playing field in your favor. With it, you could [make up to 10x your money in less than a month, even if stocks are crashing](. For details on how we’ll do this, be sure to join me at my urgent online strategy session on Wednesday, June 15 at 8 p.m. ET. To reserve your spot, [simply click here](. I hope to see you there. In the meantime, there is a way you can position yourself for rising nickel prices today. Consider the iPath Series B Bloomberg Nickel Subindex Total Return ETN (JJN). JJN is the only pure-play available to get exposure to nickel prices. JJN is not an ETF, however. It’s an exchange-traded note (ETN) that tracks one nickel futures contract at a time. Although it only has roughly $45 million in assets, it is the easiest direct way for U.S. investors to buy into nickel. Purchasing futures directly is more complicated. Happy investing, and I’ll be in touch again soon. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. To thank you for attending my strategy session on June 15, I’ll even give away the name of a recommendation that I believe could double your money. So be sure to [save your spot here]( and I’ll see you next Wednesday. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Elon Musk Is Scouring the Earth for This Metal… Here’s How You Can Profit). --------------------------------------------------------------- MAILBAG [In last Friday’s mailbag]( Nomi responded to one reader’s suggestion that nuclear energy is superior to renewables in meeting future energy needs. Today, another reader staunchly disagrees with both of them… Nomi, I read your books… I worship the ground you walk on. BUT you are dead wrong on nuclear power. Please consider the whole… Heavy metal and radioactive-contaminated mining sites can lead to environmental disasters… as well as ore processing plants and fuel rods. What’s more, an estimated 20% or more of all energy produced by nuclear plants is expended in fuel production and construction. That doesn’t count the amount of heat these plants emit, which directly heats the earth. And this continues even after the plants are out of service. There are also human health components to nuclear from decommissioning and nuclear isotopic waste… In summary, nuclear plants are an environmental, health, and financial disaster. If you calculate energy expended to build, maintain, and deal with the sequelae, they are a net energy loss. Please reconsider your position. – Stephen L. Another reader has a comment for [Nomi’s recent excerpt]( on China’s attempt to challenge the U.S. dollar’s status, which she shared from her 2018 book, Collusion… Thank you for your book excerpt. It was amazing to read through this bit of recent history. A point that seems evident, in retrospect, is that the immense U.S. trade deficit with China put capital in China's hands. Allowing a trade partner to run a trade deficit means accumulating cash or assets paid by the partner. Apparently the People’s Bank of China was able to secure its yuan promotion by holding dollars or investing them. – Bob S. Lastly, regarding the same Friday mailbag edition from last week, a reader thanks Nomi for her thorough response to his note that Nomi hadn’t gone far enough in her previous answer (you can catch up [here]( Nomi, I am beyond pleased that my feedback email got to you and that you took the time to fill in “and now for the rest of the story” as our one-of-a-kind, irreplaceable commentator, Paul Harvey, used to say. As expected, you skillfully filled in the gaps. Much appreciated. Your faithful follower. – Douglas N. For future energy, is it renewables versus nuclear, as reader Stephen L. believes? Or can the two energy sources coexist to transition the globe away from coal and oil? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Elon Musk Is Scouring the Earth for This Metal… Here’s How You Can Profit). IN CASE YOU MISSED IT… [Buy These 27 Items NOW - Before They Sell Out Forever]( You should plan your next shopping trip around [these 27 items.]( In the coming days, they could skyrocket in price… 10X… 50X… even 500X higher. Investing expert Dave Forest just went on-site at an American superstore to find out what the HECK is going on in America. As he explains in his [shocking video exposé]( — it doesn’t matter if stores in your neighborhood seem fine now, because: “Once this crisis hits cruising speed, these essential items could sell out quickly and never be restocked.” [Click here now to see what’s on Dave’s list (VIDEO).]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [How to Earn Free Bitcoin]( [The Ultimate Guide to Taking Back Your Privacy]( [The Trader’s Guide to Technical Analysis]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. 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