| Please see our weekly market update below. Top Market News This Week This week, all eyes were on the newest electric-vehicle IPO, Rivian. The company produces electric vehicles. It’s backed by the likes of Amazon and Ford. Rivian’s market capitalization hit over $100 billion at the opening. But this company’s IPO is just one part of a massive movement. Reuters reported that global carmakers are set to spend over half a trillion dollars on the development of EVs and batteries over the next five to ten years. This is why here at the Financial Star, we are more excited about the overall “clean energy” trend than any particular deal. This massive investment in production facilities and batteries could likely add billions of dollars’ worth of demand to the “green commodities” like lithium, cobalt, nickel, copper, and others. These cars will also need charging infrastructure… and a resilient energy grid. This means more investment into renewable sources of energy, like wind and solar… …and higher investment in nuclear energy. Experts start to agree that nuclear is one of the best sources of cheap and clean energy. We wouldn’t be surprised to see the demand for all these commodities, as well as uranium, soar in the future. Best of all, it’s not a matter of choice for carmakers and infrastructure providers. Fossil-fueled cars are going to be phased out over the next 10–15 years. This means that all car manufacturers need to start investing in electric-vehicle tech. And utilities will need to continue building out their renewable energy infrastructure aggressively. S&P Global Market Intelligence says that 2022 is going to be a record year for wind and solar installations. However, it doesn’t look like a peak. “If the current administration is successful in putting the U.S. on a path to 100% decarbonization of the energy sector by 2035, these record-setting projections are just the beginning,” S&P GMI said. There are many ways to profit from this massive megatrend. And more are coming. Thank you for your loyal readership, The Financial Star team |