Companies Tighten Their Hold on Vital Green Transition Commodities
PALM BEACH, Fla. , June 15, 2022 |PRNewswire| -- FinancialNewsMedia.com News Commentary - The commodity trade is fundamentally driven by supply and demand. In the past, commodities like copper, steel, cobalt and lithium have been considered cyclical, fluctuating in and out of popularity. But the green revolution is changing that. Here we discuss in reference to Intel (NASDAQ: INTC ), General Motors (NYSE: GM ), Vale (NYSE: VALE ), and Defense Metals Corp. (TSXV: DEFN ) (OTCQB: DFMTF ) (FSE: 35D). Traditionally subject to cyclical pricing trends, now structural shortages are forcing commodity prices to stay elevated. This is leading many companies to look at how best to prepare for the future. Intel (NASDAQ: INTC ) is building at least two of its own semiconductor fabrication plants in the United States . Tesla CEO, Elon Musk , has hinted at Tesla mining its own lithium. And legacy carmakers like General Motors (NYSE: GM ) are securing their commodity supplies directly, without relying on third-party middlemen.
Companies Tighten Their Hold on Vital Green Transition Commodities
PALM BEACH, Fla. , June 15, 2022 |PRNewswire| -- FinancialNewsMedia.com News Commentary - The commodity trade is fundamentally driven by supply and demand. In the past, commodities like copper, steel, cobalt and lithium have been considered cyclical, fluctuating in and out of popularity. But the green revolution is changing that. Here we discuss in reference to Intel (NASDAQ: INTC ), General Motors (NYSE: GM ), Vale (NYSE: VALE ), and Defense Metals Corp. (TSXV: DEFN ) (OTCQB: DFMTF ) (FSE: 35D). Traditionally subject to cyclical pricing trends, now structural shortages are forcing commodity prices to stay elevated. This is leading many companies to look at how best to prepare for the future. Intel (NASDAQ: INTC ) is building at least two of its own semiconductor fabrication plants in the United States . Tesla CEO, Elon Musk , has hinted at Tesla mining its own lithium. And legacy carmakers like General Motors (NYSE: GM ) are securing their commodity supplies directly, without relying on third-party middlemen.