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https://richardacavalli.wixsite.com/greenplanetmicrocaps/big-copper-cobalt-strike
the old adage..LMAO
i just wish i bought more
Big deal.
23 cents per share.
Commodities giant Glencore has agreed to plead guilty to corruption charges in the United States and Britain.
👉 The company will pay more than one billion U-S dollars to end a five-year investigation into corporate malpractice.
👉 Glencore is also being investigated by Swiss and Dutch authorities.
U-S attorney general, Merrick Garland, said the pleas from Glencore came in two separate criminal cases.
"In connection with the first plea, Glencore has agreed to pay approximately seven hundred million dollars and penalties for its decade long scheme to bribe foreign officials in seven different countries," he said.
"The second plea involves Glencore's US commodities trading arm which engaged in a scheme to manipulate fuel oil prices."
Look for there to be some consolidation in the mining business as money is cheap and available for the big boys like Glencore that control huge amounts of commodities!
In the current environment where governments all over the world are being pressured to sanction Russia, this old lie has become very convenient here in the United States. It allows the administration and Congress to act as if they are already doing everything they possibly can with the energy sanctions. Our government and the complicit and/or incompetent media conveniently don't tell the public that Russia is a commodity powerhouse producing many, many commodities other than oil that make the world go around and even feed people. When you add up all the non-energy commodities Russia exports, they all add up to a massive amount (if not quite as large as the energy exports, they are not all that far behind). But our government doesn't want us to know about that. They would prefer that we believe they are already doing everything they possibly can. Well guess what? They aren't. What they could certainly be doing is sanctioning all Russian commodities, not just energy.
Of course, our government doesn't want to do that because of the horrible economic shock it would have on our country, perhaps making the re-election of many currently in power seem a little less likely. The only reason the U.S. could so easily sanction Russian energy is because we hardly ever imported much of the stuff. It was a drop in the bucket. But the fact is that Russia is also a major global exporter of wheat, fertilizer, nickel, aluminum, copper, steel, platinum group metals (especially palladium -- 40% comes from Russia), cobalt, vanadium, and many, many other things necessary for industry (including U.S. industry). If and when the media ever become more informed and/or less complicit, perhaps they will finally tell a largely uninformed public that there is a whole whole lot more we could be sanctioning. And considering the recent atrocities displayed all over our television channels, perhaps once Americans find out that our government has hardly done anything sanctions so far compared to what they could or should be doing... perhaps then they might just pressure our government to do a whole lot more.
Below are just a few of the many stocks that would rally hard if sanctions on Russian commodities ever expand from just oil and gas:
$GLNCY (copper, nickel, cobalt, zinc, lead, coal) $NHYDY (low-carbon, hydropower-produced aluminum) $SQM (fertilizer, iodine, lithium) $PALL (physical palladium ETF) $SMMYY (nickel, cobalt) $AA (aluminum) $FCX (copper) $MOS (fertilizer)
Kobold Metals has acquired rights to an area of about 1,000 square kilometers (386 square miles) -- roughly the size of New York City -- in northern Quebec, according to Chief Executive Officer Kurt House. It’s the first such foray by the company to become public.
San Francisco Bay Area-based Kobold Metals is hoping to use data analytics to build a “Google Maps for the earth’s crust.” The company is betting it can find metals crucial to the electric-vehicle revolution, such as cobalt, that so far have eluded more traditionally-minded geologists.
Read: Algorithms Join Cobalt Hunt Backed by Gates, Bezos and Dalio
$GLNCY $FCX $SCCO $VALE $BHP $RIO $CLF $TX $AA