GLG News by Copper Mining Experts

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Congress Directs The Navy To Look At Thorium Fueled Reactors For Naval Propulsion Power Needs

March 24, 2009

Analysis of:H. R. 1534: To direct the Secretary of Defense and the Chairman of the Joint Chiefs of Staff to jointly carry out a study on the use of thorium-liquid fueled nuclear reactors for naval power needs, and for other purposes. | www.govtrack.us

Although thorium is not today mined in the USA commercially, the US House of Representatives had placed before it on March 16 of this year, last week, a bill sponsored by Mr Joe Sestak (D-Pa) directing the US Navy to study all aspects of utilizing thorium in reactor fuel for shipboard propulsion. Rear Admiral Sestak (Ret) is the highest ranking former military officer currently serving in the House of Representatives. Note that the same title is held in the Senate by Rear Admiral John McCain (R-Az). Last month Senators Hatch and Reid introduced into the Senate a bipartisan bill to amend the Atomic Energy Act of 1954 to authorize the Nuclear Regulatory Commission to study thorium fuel configurations and to fund such studies. There is certainly a lot of activity in this session of Congress with regard to a metal, which although the US has in abundance, is not mined here at all. 

Justin HupetPrincipal & Managing PartnerFour Peaks Capital LLC

Suncor's Acquisition of Petro-Canada: Merger Creates Canada's Biggest Energy Company with Global Stature

March 23, 2009

Analysis of:Suncor, Petro-Canada agree to $19.2B merger | www.financialpost.com

Merger creates Canada’s biggest energy company with global stature. The new combined entity consists of the largest Oil Sands resource position. Both companies were in need of cutting costs given tough economic and industry conditions. Suncor itself was looking ripe for a takeover given the depressed share valuation (down roughly 35% over the last 12 months) and relatively low price of crude as of late, and is getting a “good deal” with the acquisition of Petro-Canada.

Justin HupetPrincipal & Managing PartnerFour Peaks Capital LLC

Sun Life's Indonesian Acquisition: CIMB Will Boost Presence In Priority Growth Region

March 19, 2009

Analysis of:Acquisition Sun Life, CIMB team up to form joint venture | www.thejakartapost.com

Yes, I think the CIMB acquisition will significantly help Sun Life in tapping into Indonesia’s insurance sector where the company has had a presence since 1995 through P.T. Sun Life Financial Indonesia (which has four telemarketing centers, eight bank partners, and 3,800 agents).  Indonesia remains a key priority geographic region for both large Canadian insurers (i.e., Sun Life and Manulife), as it is one of the fastest growing insurance markets in Asia.  This transaction will increase Sun Life’s presence and reach in Asia, where they intend on continuing to build and grow their franchise consistent with the company's long-term strategy. 

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

EV Statrups like Tesla and Fisker Will Not Survive A Mainsteam Auto Collapse

March 17, 2009

Analysis of:Can EV startups survive mainstream auto collapse? | www.autobloggreen.com

Automobiles are not built from do it yourself hardware obtainable at Home Depot or Loews. The components of an automobile are made from the strongest and most durable and temperature extreme resistant metals, plastics, and fabrics. The structural "frame" or "chassis" of an automobile or truck must be made of steel or aluminum or magnesium alloys/or  and plastics that can absorb high energy impact shocks without shattering. The power trains for such vehicles must be safe against mechanical breakdowns, sudden interruptions of core functions, and containment of flammable and/or explosive fuels in the case of an impact that could rupture fuel containers. The tires for all such vehicles must be resistant to be torn or punctured and have internal cohesion high enough so that they don't disintegrate under impact or sheering forces. Service for all mechanical and electrical and electronic components must be universally available. Etc., etc.,...

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Ford Is Determined To Make The Fusion Hybrid Using A Japanese Battery In A Power Train Manufactured In Mexico And Installed In A Car Assembled In Mexico By Low Paid Mexican Workers From Mexican Made Components.So, Tell me Again, Please, How Does This Stimulate Employment In The USA??

March 13, 2009

Analysis of:Driving Hybrid Disbelievers Into the Fold | www.washingtonpost.com

Ford manufactures all of its current hybrid models, both of them, the Ford Escape and the Mercury Mariner, in its Kansas City Assembly plant. It has now begun production of two additional models, the Ford Fusion and the Mercury Milan,  at the same facility. Ford's plan, however, is to move production of the Fusion and Milan hybrids to its Hermosillio, Mexico assembly plant. This move will turn the Fusion and Mariner hybrids into Mexican vehicles assembled using a Japanese designed power train with the key component made in Japan. Why should anyone believe that this will stimulate the American economy or create jobs in the USA for American workers?

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Tellurium Is Not Now Produced, Nor Likely To be Produced, In Sufficient Quantites Annually To Support a Thin-Film Photovoltaic Solar Cell Industry Based on Cadmium Telluride Technology.

March 12, 2009

Analysis of:Unico, Inc. Announces In-House Evaluation of Historical Data Regarding Tellurium Levels at the Deer Trail Mine | money.cnn.com

There are some practical reasons why a mass produced technology cannot depend critically on the metal tellurium:   1. There is very little new tellurium produced annually, certainly less than 1000 tons,   2. There is very little likelihood that additional tellurium production based mainly on incrased total recovery of tellurium byproducts from base metal ores can more than double present production in even the most optimistic scenario, and 3. Thin film  devices have a lower limit of effectiveness both practically and economically, because they have a threshold of thickness below which they do not work.

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Don't Fairness and Common Sense Both Dictate That Any Credit Default Insurance Guaranteed By The US Treasury To OEM American Automotive Suppliers Should Only be Extended To American Owned And Operated Companies Manufacturing Within The USA?

March 12, 2009

Analysis of:GM seeks credit insurance to help suppliers maintain parts deliveries | www.autonews.com

By outsourcing to overseas suppliers,components and services based solely on price, with no regard for the long term consequences of this agenda, companies like General Motors guaranteed that American jobs, including those of their own employees, would be lost. Now having helped through sheer ignorance of, or active disinterest in, any long term consequences of their actions, which have contributed to the destruction of the ability of American workers to be able to buy their cars and trucks, short sighted companies such as GM are asking the US treasury to compound the felony and guarantee GM's payments to its suppliers regardless of their location and who they employ! This foolish proposal is an insult to the American taxpayer. No matter what the difference in cost between, for example, a Chinese made auto part and one made in Ohio guaranteeing payment to the Chinese supplier simply robs the American taxpayer of any value to be gained by such an undertaking. 

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Nickel Metal Hydride Batteries Are Being Steadily Improved And Clearly Outperform Existing Lithium-Ion Batteries In Production OEM Vehicles

March 11, 2009

Analysis of:Azure Dynamics Hybrid Delivery-Truck Test Drive: Gas/Electric Hybrid Offers 30 Percent MPG Improvement | www.popularmechanics.com

The CEO of the Korean electronics giant, LG, said recently that nickel metal hydride batteries were "primitive" and would be soon replaced by "advanced" lithium-ion batteries for use in the electrification of vehicles. This comment was pure hype and was biased by the fact that LG has won the contract to supply lithium-ion batteries for the 40 mile range, pricey golf cart performance matching Chevrolet Volt. The aforesaid CEO does not, of course, want to take note of the fact that the development of "advanced" nickel metal hydride batteries has continued even beyond their "primitive" use in the hybrids mass produced and sold as the Toyota Prius, Toyota Camry, Ford Escape, Mercury Mariner, Ford Fusion, Mercury Milan, and Honda Insight to name the most prominent. These so-called "primitive" batteries have a record of reliability, durability, overall life, and recyclability that is second to none. In addition their pricing has steadily dropped(!) since their introduction.

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

The Potential For An Electrified Future For Ford Depends On Lanthanum and Lithium The Supply Of Which To Ford, In The Quantities Required, of Neither Of Which Is Assured.

March 9, 2009

Analysis of:Ford CEO Mullaly expects "major portion" of Fords will be electric within a decade | www.autoblog.com

The CEO of the Ford Motor Company doesn't seem to worry about supply or value chain dynamics for the critical raw materials for the batteries or the electric motors that his company, Ford, would need its suppliers to have access to in order for Ford's future to be electrified

Justin HupetPrincipal & Managing PartnerFour Peaks Capital LLC

Canadian Banks: "Steady As She Goes - Weather-Beaten By The Economic Hurricane But Not Broken"

March 6, 2009

Analysis of:Canada banks' long history of steady dividends | www.financialpost.com

Canada's banking system is currently the soundest and most stable in the world.  For those with patience, the ability to foresee past the current environment and have a longer-term time horizon, shares of Canadian banks represent significant value and upside potential.

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