The Return of Magic Wand Economics

详细摘要

Democrats want renewables but resist new US mines. That contradiction is good news for gold and two small ASX uranium companies crossing from developer to producer.

Markets spent last week trying to sort the winners from the losers in Washington.

Overnight, the Nasdaq dropped more than 5% as investors priced in a crackdown on AI data centres.

US solar and wind stocks jumped as much as 7% the morning after the vote.

Every solar farm and wind turbine runs on copper and a long list of critical minerals.

Democrats would argue they support domestic mining in the right locations.

Usually, somewhere else means China, which refines around 90% of the world’s rare earths.

It’s an endless war between supposed carbon footprint warriors and Birkenstock clad tree enthusiasts that want to protect local species.

Wind turbines need rare earths, and don’t even get me started on where cobalt in batteries comes from Greta Thunberg.

Problem is you need Chinese produced critical minerals for clean energy.

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