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first_img Pinterest Facebook Twitter Home NewsWatch Local News A Win For Greenbrier County In The Sheriff’s Race GREENBRIER COUNTY, WV (WOAY) –  The vote of the citizens in Greenbrier County for the sheriff’s race resulted in Sheriff Sloan being able to continue this term.” I’m very appreciative of voters and the support they have given me and the confidence they’ve placed in me.” Said, Sheriff Sloan of Greenbrier County,A veteran law enforcement officer who is well known and well liked in the community received a win in the sheriff’s race during this mid-term election.” Everybody loves Sheriff Sloan.” Said Toni Hughes, Tax DeputyBeing a sheriff is a huge responsibility and is not a profession that can be taken lightly. ” I take the role of law enforcement officer, public servant seriously and I think that’s what we’re supposed to be.” Said Sheriff SloanIn January 2017 County Commissioner appointed him interim sheriff and he has re-implemented the k-9 unit program, project lifesaver, as well as work with the board of education to implement an emergency notification system in the county schools.” He is fair, he’s a great listener and he is very kind. He’s just a good person all around.” Said, Mrs. Hughes,” We can’t solve everybody’s problems that’s not humanly possible but I think that we should be empathetic to people their situations and their problems their facing and do what we can to solve those problems or assist them.” Said Sheriff SloanSheriffs are responsible for investigating crimes, transporting prisoners, securing judges, and much more. ” My goal which may seem lofty is to make the Greenbrier County sheriffs office the best Sheriffs office in the state. Local NewsNewsWatchTop Stories A Win For Greenbrier County In The Sheriff’s Race By Porsha ThompsonNov 07, 2018, 18:15 pm 505 0 Porsha Thompson Tumblr Mail Google+ Previous PostSurprise: Large alligator found in Kansas City hot tub Next PostColorado man pleads guilty to killing pregnant wife, kids Linkedinlast_img read more

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first_img Mail Google+ Home Sports News Sports Greenbrier Announces 2017 Tennis Showcase SportsSports FeaturesSports News Greenbrier Announces 2017 Tennis Showcase By Matt DigbyMar 30, 2017, 00:03 am 1665 0 Previous PostHS Softball/Baseball Scoreboard – March 29 Pinterest Facebook Tumblr WOAY – The Greenbrier announced it will host tennis showcase in June between Pete Sampras and Tim Henman. Sampras will be also be holding a clinic at the resort the first weekend of the month.Sampras has been Tennis Pro Emeritus at the Greenbrier since 2014; the Hall-of-Famer won 14 Grand Slam titles and is considered one of the greatest players of all-time. He has appeared in previous showcases at the Center Court at Creekside – with Andre Agassi in 2015 and Andy Roddick last year, though the 2016 event was moved indoors due to weather.Henman’s professional career spanned nearly two decades, as he won 496 competitive singles matches and 11 tournament titles. He was a Grand Slam semifinalist six times, and won a silver medal in men’s singles at the 1996 Atlanta Summers Olympics. Next PostRams Sweep Baseball Doubleheader With WVU Tech Linkedin Twitter Matt Digby Matt Digby is the Sports Director at WOAY-TV. He joined the station in January 2015 – right in the middle of Big Atlantic Classic Week. Read Morelast_img read more

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first_img Tumblr WEST VIRGINIA (WOAY) – A number of brush fires have broken out across the area despite the burn  ban in effect.“I think it’s a matter of convenience for them, but your safety should be first,” said firefighter Moriyah Cox. “That should be your first priority. Your own safety and your family, as well as your neighbors and the firefighters that will come to fight that fire.”Just a month after the ban was put into effect, the region has already suffered over 60 fires. The ban prohibits burning between 7 a.m. and 5 p.m.“That’s when the humidity is low,” said regional forester Tom Cover. “The lower the humidity, the better chance of a fire.. [And the wind] usually dies down in the evenings.”Earlier this week, a brush fire destroyed one home and damaged two others. Investigators say that fire may have started from something as small as a cigarette.Burning brush from you yard outside designated hours can have similarly devastating effects.“If it’s local, it’s near buildings or homes [and you] can actually burn the home down,” said Cover.Cox and Cover both said that you should have a hose nearby when burning something. You should also keep any debris cleared from the area. If you decide to start a fire, be sure  you stay within the designated hours. If a fire isn’t supervised, it can quickly get out of hand.Cover said if you plan to burn something, it’s always a good idea to notify the Division of Forestry beforehand. Next PostWest Virginia to Play St. John’s Next Season Facebook Twitter Google+ Home NewsWatch Local News Authorities Urge Community to Follow Burn Ban Laws Local NewsNewsWatchTop Stories Authorities Urge Community to Follow Burn Ban Laws By Kassie SimmonsApr 04, 2019, 17:15 pm 317 0 Pinterest Previous PostUPDATE: Fire At Greenbrier County Senior Center; Leaves Five Injured Mail Kassie Simmons Kassie Simmons joined the team in January 2019 as a weekend journalist. She graduated from Virginia Tech in just two and a half years with a BA in multimedia journalism.During her short time at Virginia Tech, she served as the editor for the university’s chapter of The Tab. Kassie was named the top reporter for The Tab at Virginia Tech on multiple occasions and made the list for the top 30 reporters for The Tab in the U.S. She also studied theater performance and minored in creative writing.Before coming to WOAY, Kassie interned at WSLS in Roanoke and the Tidewater Review in her hometown of West Point, Va. She has loved following breaking news since her childhood and has a passion for delivering the stories people care most about.Kassie is excited to be working in Southern West Virginia and looks forward to all the adventures ahead of her. You can follow her on Twitter at @KassieLSimmons and like her page on Facebook. If you have a story you think she should check out, send her an email at ksimmons@woay.com. Linkedinlast_img read more

Wait until you see what could happen in America as

first_imgWait until you see what could happen in America as early as this MAYAn unbelievable phenomenon is set to sweep the nation as early as this May…The railroad age… the steel age… the electronics age… the technology age – this phenomenon triggered them all. And now it’s taking shape again!Watch this special, time-sensitive presentation now for full details on how it could affect your job… your lifestyle… and your wallet. Sponsor Advertisement As Ted Butler pointed out on Saturday, the configuration of Friday’s COT report for both gold and silver is still very bullish, with lots of room to run to the upside.The gold price came under steady selling pressure starting at precisely 8:00 a.m. Hong Kong time on their Monday trading day.  The sell off accelerated a bit shortly after London opened…and the low of the day was in about 9:30 a.m. GMT.The price bounced off that bottom a couple of times after that, but the moment that the Comex opened in New York at 8:20 a.m. Eastern time, it was up…up…and away.  But once the price broke above $1,732 spot, there was obviously a seller there to make sure that the price didn’t finish the day above the Friday New York close.Gold closed at $1,730.30 spot…down $7.00 on the day.  Net volume was a very light 79,000 contracts…or thereabouts.Silver’s price path was similar…and it’s low came at 11:30 a.m. in London, which might have been an early London silver fix.  The subsequent rally ran out of gas at 11:00 a.m. in New York right on the button, which also happened to be the close of London trading.After the London close, silver got sold off about 40 cents, but gained about half of that back by the close of electronic trading in New York at 5:15 p.m. Eastern.Silver closed at $33.50 spot…down 49 cents on the day.  Net volume was on the light side at 27,500 contracts, a lot of which would have been of the high-frequency trading variety.The dollar index opened in a rally mode the moment that trading began in New York at 6:00 p.m. on Sunday evening…and at 9:00 a.m. Eastern time yesterday morning, was up about 55 basis points…and then spent the rest of the trading day giving back about 30 points of that gain.  The dollar index closed at the 79.10 level…up about 25 basis points from Friday.The gold stocks pretty much followed the gold price action…and the HUI finished down 1.08%.Considering the fact that silver was down about 50 cents on the day, the shares themselves hung in their very well…and Nick Laird’s Silver Sentiment Index only closed down 0.84%.(Click on image to enlarge)Well, the CME’s Daily Delivery Report showed all the deliveries for First Day Notice for the February delivery month in gold.  There were 893 gold and 114 silver contracts posted for delivery tomorrow.  The big short/issuer in gold was the Bank of Nova Scotia with 845 contracts…and taking the lion’s share of the deliveries was Deutsche Bank with 472 contracts…and Credit Suisse First Boston with 247 contracts.In silver, it was the three ‘usual suspects’ with the lion’s share of the action.  This time Jefferies was joined by the Bank of Nova Scotia as a short/issuer…with 38 and 76 contracts respectively…and JPMorgan stopped/received 100 of those contracts…49 for its client account and 51 for its in-house [proprietary] trading account.  The link to the Issuers and Stoppers Report, which is worth skimming, is here.The GLD ETF had no report yesterday…but the SLV ETF did.  Authorized participants added 3,158,805 ounces of silver…replacing, almost to the ounce, everything that had been withdrawn since the end of December.  Ted Butler suspects that much more is owed to the fund than that.The U.S. Mint had a sales report.  They sold 1,500 ounces of gold eagles…1,000 one-ounce 24K gold buffaloes…and 385,000 silver eagles.  Year-to-date the mint has sold 122,500 ounce of gold eagles…12,000 one-ounce 24K gold buffaloes…and 6,082,000 silver eagles.Friday was another busy day at the Comex-approved depositories.  They reported receiving 927,431 troy ounces of silver…and shipped a smallish 83,501 ounces out the door.  The link to that action is here.Silver analyst Ted Butler has his usual weekly review posted for his paying subscribers on Saturday…and here are two free paragraphs…“The price takedown starting in late-September and lasting through the end of December was all about commercial COT positioning and price manipulation. Especially in silver, the epic decline in price with the concurrent radical change in the COT structure was deliberate and intentional. Only a fool, or someone who refuses to see, would fail to recognize what just occurred. Silver (and gold) were driven lower in price to force speculative selling and to allow the commercials to buy massive quantities of what the speculators sold. After the commercials bought as much as they could possible buy, then prices rallied sharply. It’s impossible for this commercial activity to have occurred with collusion and intent. That the CFTC sat by and allowed this to occur (once again) without defending and protecting the public or our free markets is beyond shameful.“The CFTC’s failure to regulate aside, this last few months seem to have developed as explained in advance, if not predicted. I did not predict (or expect) the 35% price smash over the last few days of September; but I feel I have explained it adequately. There is no way that one can be invested in a market and not invested at the same time. All you can do is pay your money and take your chances. Risk grows as prices increase, but the structure of the COT is still bullish and not bearish. Maybe that will change in time, but until it does it is reasonable to expect higher prices. And maybe sharply higher prices.”Reader and technical analyst, Scott Pluschau, has a few things to say in his current blog.  His e-mail read “This week’s COT report was an eye-opener in the 10-year treasury futures.”  If you’re interested in this sort of thing, here’s the link to his blog.Here’s a graph that Washington state reader S.A. sent me yesterday.  It looks suspiciously similar to the one that was posted in a zerohedge.com article headlined “Europe’s Scariest Chart” that reader Richard Craggs sent me yesterday.(Click on image to enlarge)Since it’s Tuesday, I have more than the usual number of stories posted, so I hope you have the time to skim them all.“I cannot predict how long policymakers can hold economic Armageddon at bay with spin, money creation, currency swaps, intervention in gold and silver markets, and outright lies.  The onset could be sudden and take place this year, but we shouldn’t underestimate the power of spin over a gullible public that trusts ‘their’ government and fervently believes that Muslim terrorists are out to get them…and that the demise of the Constitution, the product of a eight hundred year struggle that produced Anglo-American civil liberty, is worth the price of ‘safety’. There is no safety in a police state and a debauched currency.  The comfortable world that Americans have known is falling apart at the seams.” – Dr. Paul Craig Roberts…January 6, 2012For the last trading day of the month going into First Notice Day of the February delivery month for gold, I really wasn’t expecting a lot.  With net volume as light as it was, it wasn’t hard for any interested party to knock gold and silver down…and they took the opportunity to do so…although platinum and palladium prices were barely affected.  But, with the January delivery month now off the board, it’s a brand new ball game, so we’ll see how things unfold from here.The preliminary open interest numbers for yesterday showed a decent decline in gold…and a modest increase in silver o.i.  But whatever it means in the grand scheme of things, won’t be know until this Friday’s Commitment of Traders Report.The same can be said for last Friday’s final open interest numbers.  Despite the big rallies in both metals, gold o.i. was down a decent amount…and silver o.i. was basically unchanged.  I was very encouraged by those numbers.As Ted Butler pointed out on Saturday, the configuration of Friday’s COT report for both gold and silver is still very bullish, with lots of room to run to the upside.  But, as per usual, how high the price goes…and how fast this rally unfolds…is 100% dependent on how the traders in the Commercial category respond as the tech funds and small traders place their long positions…and I know that Ted is watching their every movement like a hawk.  So am I.And as you can tell from the gold analysts above, everyone is expecting the prices of both gold and silver to rise significantly in the not-too-distant future.  As of this writing…and according to the netdania.com website…gold is up 11.5% so far this year…and silver is up 22.6%.  If all these predictions turn out to be true, it’s going to a wild year in the precious metals…and all the trials and tribulations from last year will soon be forgotten.  We’ll see.As I mentioned in my first column of 2012…I considered the lows of December 29th to be the bottom for this move down, so the big rallies we’ve experienced over the last month have not come as a real big surprise to me.  It’s what happens from hereon in that I’ll be most interested in.Both gold and silver are up a bit now that London has been open for trading for over two hours.  Gold is up $11 bucks…and silver is up two bits.  Volumes in both metals as of 5:13 a.m. Eastern time are already pretty chunky, so it’s obvious that these rallies…small as they are…are not going unopposed.  It would be my guess that a large percentage of the current volume in each metal, would be of the high-frequency trading variety.That’s all I have for today…and I await the New York open with great interest…but always keeping in mind that “there are no markets anymore, only interventions.”See you tomorrow.last_img read more

As mentioned above sukuks are typically denominat

first_img As mentioned above, sukuks are typically denominated in the currency of the issuing country. No surprise, then, that Malaysian ringgit-denominated sukuks accounted for 63% of total issue value for 2013. What might surprise is that 15% of total issue value in 2013—US$28 billion—was sukuks denominated in US dollars, up from 13.9% in 2012. If the US Fed continues to make good on its promise to taper its QE program, and if US interest rates indeed rise, the dollar should continue to strengthen and benefit US dollar-denominated sukuks. Total sukuk issuance is estimated to reach US$70 billion in 2014, according to Moody’s. The governments and government-related entities in the GCC will be the main drivers of sukuk issuance going forward. Being based in Dubai, I can say anecdotally that it is once again on track to become the construction-crane capital of the world. With the real estate market rebounding strongly, development activity has started up across the entire city. In addition, a number of large-scale projects that were put on hold are now moving forward. Many of these new projects will be funded through sukuk issuance. The Dubai government has the explicit ambition to become the center of the Islamic economy. One potential way to profit from this growth will be the sukuk issuances from high-quality sovereign and government-related entities in the United Arab Emirates and other GCC countries. Ankur Shah is the founder of the Value Investing India Report, a leading independent, value-oriented journal of the Indian financial markets. Ankur has more than eight years of equity research experience covering emerging markets, with a focus on Southeast Asia. He has worked as both a buy-side investment analyst for a global long/short equity hedge fund and a sell-side analyst for an emerging markets investment bank. Ankur is a graduate of Harvard Business School. You can learn more about his latest views on global markets at the Value Investing India Report and follow him on twitter at https://twitter.com/AnkurShah47. Islamic finance remains one of the bright spots in the global financial industry post the 2008 financial crisis. Despite two decades of strong growth, the industry is now finally poised to break into conventional financial markets in the West. Islamic finance is comprised of instruments, infrastructure, institutions, and markets that apply Sharia rules and principles. You might be wondering how Islamic finance impacts you, if you’re based in a non-Muslim country. Increasingly it’s being viewed as an avenue of growth for global banks, as the industry caters to the world’s 1.6 billion Muslims. The advent of Islamic finance allowed devout Muslims the ability to access financial products and services without compromising on their beliefs. As a result, total global Islamic banking assets are projected to surpass US$2 trillion in 2014. The Islamic finance sector is primarily comprised of Islamic Banking, Sukuk (Islamic Bonds), Takaful (Islamic Insurance), and Islamic Mutual Funds. The geographic centers of Islamic finance are primarily in Asia (Malaysia and Indonesia) and the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates). At its core, Islamic finance is governed by fundamental principles outlined in Sharia law. The main distinction between conventional finance and Islamic finance is that the latter prohibits riba (usury/interest). Thus, virtually all Islamic finance products are based on the principle of risk sharing as opposed to risk transfer. For example, an Islamic mortgage transaction would entail the bank purchasing a property and then reselling it to the homebuyer at a fixed profit. The buyer would then have the option to make the payments in installments. However, due to the concept of risk sharing, the bank could not charge additional penalties for late payments but would retain ownership until the loan was paid off. Global Investors and Islamic Finance For global investors, the sukuk (Islamic bond) market is probably the area of greatest interest within Islamic finance. The sukuk is an asset-backed security, which represents ownership in a tangible asset. With a sukuk the initial face value of the bond isn’t guaranteed. Unlike a conventional bondholder, a sukuk investor shares the risk from the underlying asset. In practice, some sukuks are issued with repurchase guarantees, which would result in the investor receiving face value at maturity, much like a conventional bondholder. However, not all Sharia scholars agree this structure is Sharia compliant. Traditionally, governments and government-related entities in Asia and the Gulf Cooperation Council (GCC) issued sukuks denominated in the local currency to domestic investors. However, increased demand from global investors has led to increased cross-border issuance from non-traditional sources. Last September, rating agency Moody’s observed, The year 2014 has become a landmark year for sovereign sukuk, with the UK issuing its inaugural sukuk, and with Hong Kong and South Africa expecting to conclude sales in September 2014. All three are major non-Islamic countries, and the transactions indicate a significant change in the potential size, depth, and liquidity of this market. This move into sukuk finance by countries with populations that are not predominately Muslim marks a shift in the long-held perception that Islamic finance is the domain of Muslim countries. In an effort to assist countries that seek to issue sukuk, Islamic institutions like the Islamic Corporation for the Development of the Private Sector offer help with the structure of sovereign sukuk finance. Malaysian Dominance Malaysia dominates the sukuk finance sector both on a new issuance and outstanding basis, as shown in the following charts.last_img read more

Recommended Link

first_imgRecommended Link Take a look at this image. Bet you don’t know what it is… It’s a rare commodity that’s no longer produced in the U.S… but it’s 100% essential to nearly every item used by our military today. And one major country (not North Korea) is about to use it to sabotage the U.S. Armed Forces. When Pentagon officials turn to the only company that can supply this powder, shareholders could multiply their money by 10x or more… Click here to learn how to access the name of this company and its ticker. Rare Refined Powder Can Return 10x More Profits Than Bitcoin? By Justin Spittler, editor, Casey Daily Dispatch Apple just threw out the playbook. The tech giant is going straight to the source to secure one of the world’s most strategic metals. It’s not copper. It’s not gold. It’s not silver… It’s cobalt. Most people don’t even know what cobalt is. But that will soon change. That’s because cobalt has become one of the world’s most sought-after resources. Apple and many other major companies need it to make money. Because of this, Apple’s talking directly with cobalt miners for the first time ever. Bloomberg broke the story yesterday: The iPhone maker is seeking contracts to buy several thousand metric tons of cobalt for five years or longer. This is clearly a big deal for Apple. But this story also has massive implications for everyday investors. I’ll explain why in a second. And I’ll show you how to turn this news into huge profits. But first—why is Apple taking such drastic measures? • In other words, the EV revolution is about to trigger a huge explosion in cobalt demand… However, supplying all this cobalt won’t be easy. There are a couple reasons for this. Number one, about 60% of the world’s cobalt comes from the Democratic Republic of Congo (DRC). According to the International Speculator team, that’s a major problem: The DRC has been relatively stable for the past 10 to 15 years, but it has a long and recent history of extremely bloody conflict and wars. The DRC is also ground zero for the uproar over “conflict minerals.” This makes cobalt supply extremely susceptible to disruptions in supply. Not only that, cobalt is a byproduct. About 98% of it comes from copper and nickel production. That makes getting a steady supply of cobalt difficult. Louis and his team wrote in a recent issue of International Speculator: This makes for a fairly complex supply chain. And it’s one that’s prone to bottlenecks. In other words, most producers will not mine more to meet rising demand if the price of nickel and/or copper doesn’t justify it. As demand for cobalt is growing faster than for nickel and copper, this increases pressure on cobalt supply. According to Louis, this one-two punch of soaring demand and tight supply will lead to a massive supply crunch. Just look at the chart Louis and his team put together. You can see that the cobalt supply is about to get extremely tight. In fact, Louis and his team project that we could see a massive shortfall by 2025.• That’s why Apple is in direct talk with miners… It can’t afford to not have a dependable cobalt supply. And it’s not the only giant multinational company taking drastic measures, either. BMW is also in the process of locking in a long-term cobalt supply. According to Bloomberg, it’s doing this because it expects its demand for cobalt to “surge 10-fold by the middle of the next decade.” Volkswagen AG and Samsung SDI are also looking to pen long-term cobalt supply contracts. This tells you everything you need to know about where the price of cobalt is headed. Unfortunately, it’s not easy to speculate on cobalt. There’s no cobalt exchange-traded fund (ETF). And there are few cobalt pure plays out there.The good news is that we can help. You see, Louis recently recommended a world-class miner that’s highly leveraged to the price of cobalt. Not only that, this company’s cobalt project is located in the United States. That makes it one of the safer ways to speculate on this megatrend.You can learn more about this company by signing up for International Speculator. Click here for details.Regards, Justin Spittler Tulum, Mexico February 22, 2018 Chart of the Day: The U.S. Dollar’s Demise By Joe Withrow, analyst, Casey Research The U.S. dollar is in a major long-term downtrend… That’s the story of today’s chart, which tracks the U.S. Dollar Index from 1982 to today. As you can see, the U.S. dollar has lost 46% of its value since 1985. And as Casey Report editor E.B. Tucker told his subscribers recently, that’s the big story that the mainstream media refuses to report on. Here’s E.B.: Notice how the dollar moves in broad multi-year cycles. Over time it moves lower. Each rally in strength is weaker than the last, followed by a plunge. We’re already in the early stages of the next plunge. You won’t hear much about this in the mainstream press. That’s not a conspiracy; it’s just not what the financial media does. Once the dollar collapses, they’ll write a story about it. That will be too late to help investors. So how do you protect yourself from the dollar’s demise? As E.B. put it, foreign stocks, gold and silver mining firms, and anything related to hard assets should shine. —Joe Withrow Reader Mailbag Today, a reader tells us how he’s preparing for a market crash: I have a few stocks that I’ve learned about from Casey and Stansberry. I know virtually nothing about investing/speculating, but have put in $17,000 and within a year, have shown $10,000 in profit. I have trailing stop losses on all companies that allow them, and I’m going to sell the companies not allowing them after the next correction comes and the prices rise again. (Most have hit the trailing stop loss, though.) Also, I’m continuing to learn. Trying to “keep it simple, stupid,” but at less than 50% profit a year, I must add other means of gaining, because I’m convinced the crash is going to be catastrophic to at least the US economy. Thanks a million for all you’re providing. And don’t take any wooden nickels! Wait… take them! They’re more valuable than the paper! – Jimmy To help all of our readers prepare and profit during a market crash, we just put together a comprehensive report that’s loaded with tips and strategies from the analysts across our business. It’s been popular with our readers so far, and we hope it can help you, too. Click here to download for free. Also, we’d love to hear your thoughts on where you think the market’s headed over the next few months. If you have five minutes, please take this survey we just put together. Your answers will help us find the most compelling investment ideas to share with you, and help improve our services. In Case You Missed It… With the flick of a switch… Beijing could cut the U.S. military down to its knees. At a recent Senate hearing, CIA director Mike Pompeo admitted China’s control of the technology behind this “kill switch” is “a very real concern.” But there’s one company outside of China that could resupply our troops with this key material if that happens. And now, this company is expected to surge 1,127% in the coming months. Click here to learn more. • Cobalt is a key ingredient in lithium-ion batteries… These are the batteries that power iPhones and every other smartphone on the planet. Because of this, smartphones account for about a quarter of all global cobalt demand. But Apple and other companies like it have been buying massive amounts of cobalt for years. So why is Apple doing this now? Simple. It’s worried about a cobalt supply crunch. • You see, cobalt demand has shot through the roof… Cobalt consumption has spiked 13% since 2013… and it is expected to increase another 30% by 2020. We’ve seen this massive surge in demand for a simple reason: electric vehicles (EVs). EVs, as you probably know, aren’t like traditional vehicles. They run on electricity instead of gasoline. Not long ago, the market for these vehicles hardly existed. There were just a few hundred EVs in the entire world. Today, it’s a much different story. As I’ve shown you many times over the past few months, the market for EVs is exploding. It’s one of the world’s biggest megatrends. And now, the EV revolution has forced Apple’s hand.• EVs use lithium-ion batteries, too… But here’s the thing: EVs require far more cobalt than smartphones. In fact, the typical 60-kilowatt EV car battery contains around eight kilograms (18 pounds) of cobalt. Using that number, International Speculator editor Louis James estimates that the EV market could use around 78,400 tonnes of cobalt by 2025. That’s 19 times more cobalt than what was consumed in all of 2016.center_img Recommended Link Congress Expected to Tweak Title 49 of U.S. Legal Code—Accelerates Rollout of Revolutionary New Car – According to estimates by Deloitte, this could cause a $2 trillion shift within America’s auto industry. – Business Insider: We could see 10 million of these cars on the roads by 2020. That would represent a 49,000% spike. – For the full details on this breaking story, click here. — —last_img read more