Path to Profits: The Moon Is Getting Cellphone Service

CASEY DAILY DISPATCH - Casey Research

Hey guys, Dave here, and welcome to Path to Profits.

There’s a lot of exciting stuff going on in geotech, strategic materials, finance, and the companies that drive those trends…

You see, no one covers this space like we do. So every week, I’ll highlight the top hotspots gaining momentum in the media.

It’s how we find our best money-making opportunities, just ripe for big gains.

Check out this week’s top hotspots below to find out which trends are gaining traction…

This Week's Top Hotspots

➤ China could start hoarding copper any day.
Top officials will likely approve an expanded copper stockpile next week, according to Reuters. China’s imports of the red metal surged 40% in the first nine months of 2020. Analysts blamed COVID-19 and trade tensions with the U.S.

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➤ The moon is getting cellphone service.
NASA awarded a $14.1 million contract to Nokia to build a mobile network on the moon – ahead of the first astronauts heading to the moon in 50 years. It’s expected to be up and running by 2022 – but will only be 4G.

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➤ BHP Billiton scrapped expansion of a world-leading copper mine.
The world-leading miner said it won’t proceed (for now) with a $2.5 billion growth project at the Olympic Dam mine in Australia. Studies of the geology didn’t support the economics of the expansion. Copper prices recently hit a 28-month high of $3.17 per pound.

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➤ Mexico created a police department for mining.
The special force of 120 officers will be deployed at remote mining operations in the northern Sonora desert. Criminal gangs recently pulled off sophisticated attacks to steal gold directly from mines.

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➤ 25 rare chinchillas are blocking 3.5 million ounces of gold.
Major miner Gold Fields is trying to relocate the endangered animals at a proposed gold mine in Chile. It’s not easy – capturing and moving the chinchillas is expected to take nine months and cost $400,000.

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Keep walking the path,

David Forest
Editor, Path to Profits

P.S. If you have any questions or comments about Path to Profits, you can send me a message at feedback@caseyresearch.com.

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