DAILY DOSE: November 23, 2020
Posted on 11/23/2020
1. Trafigura signed a deal with the Democratic Republic of the Congo (DRC) government, specifically with Entreprise Générale du Cobalt, regarding cobalt mining. Trafigura would finance the formation of 6 controlled zones where informal miners would dig for copper and cobalt. Tesla and other electric vehicle manufacturers rely on cobalt for lithium ion batteries.
2. Former U.S. Vice President Joe Biden is picking his future cabinet. He picked former U.S. Senator John Kerry as a Special Envoy on Climate and selected Avril Hanes, a former bookstore owner and former Deputy National Security Advisor under Obama, as Director of National Intelligence. Antony Blinken, a former U.S. Deputy Secretary of State under Obama, was selected as Secretary of State to start the campaign on removing President Trump’s “America-First” foreign policy. Former Federal Reserve chief Janet Yellen is a top candidate for Treasury secretary.
3. BlackRock upgrades U.S. equities to “overweight”.
4. Turkish lira falls to 7.95 against U.S. dollar.
5. Astrazeneca’s COVID-19 vaccine faces hurdles, SVB Leerink says the company “tried to embellish” vaccine data.
6. JPMorgan generates almost US$ 1 billion in revenue (year to date) from precious metals.
7. Trump’s The Abraham Accords Declaration: El Al Israel Airlines will operate 14 weekly flights from Tel Aviv to Dubai from December 13, 2020.
