September 28th, 2021 | 12:04 CEST
Nordex, GSP Resource, NIO - These are the election winners
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"[...] If we pursue our goals conscientiously, the market will adjust its valuation accordingly, I am sure. Often, all it takes is a trigger. [...]" Ryan McDermott, CEO, Phoenix Copper
Nordex - Green tailwind
One of the German parliamentary elections beneficiaries is likely to be one of the world's leading suppliers of wind turbines, Nordex AG. The Hamburg-based stock started the week with a gain of more than 3%, reaching a daily high of EUR 15.98. The share price has not yet risen above this level. It is not yet enough for more, as the striking resistance in the area around EUR 16 stands in the way. If it were to be overcome, the 200-day line would be the next target, currently at EUR 19.36.
From a fundamental perspective, there was further positive news following the recently announced large orders from Poland. The Nordex Group received the unit certificate (UGE) for the N149/4.0-4.5 turbine required for grid connection in Spain, as well as the component certificate (CAMGE) for its wind farm controller (CWE). Both certifications are required for the grid connection of wind turbines in Spain and must be provided within two years. For the "Celada Fusión" wind farm in northern Spain, the turbine manufacturer is supplying ten N149 turbines. It is the first wind farm in Spain with the new type of turbine.
GSP Resource - Profiting from scarcity
Whether photovoltaics, wind turbines or electric cars, the energy turnaround needs one thing above all else, lots of metal. Due to its nature, copper is the key metal par excellence. According to the German Metals Industry Association, more than 200 kilometers of copper wire are used in a wind turbine generator. The solar industry also relies on the red gold. In solar collectors, copper is particularly important as a robust heat conductor as well as in boilers, geothermal heat pumps, and electrical cables. But copper is a scarce commodity, with demand already exceeding supply in 2019. New projects have not been initiated in recent years due to the low base price. Now, an extreme supply shortage is gaping in the years ahead.
With two promising projects in the southwest of the Canadian province of British Columbia, GSP Resources is currently attracting attention. With an option to acquire 100%, the Canadians secured the rights to the Alwin mine. This historically high-grade mine was already operated at the beginning of the 20th century and produced copper ore grades of 1.5%. There is also the prospect of success because the Highland Valley mine of copper producer Teck Resources, which despite a grade of only 0.5%, is the most effective copper mine in Canada, is adjacent to the Alwin mine to the west. Five drill holes totaling 1,439 meters were drilled on the Alwin property during the summer drill program. The objective was to test the potential bulk tonnage of copper within and surrounding the historic Alwin Mine. This objective was successfully confirmed with the results.
In addition to the Alwin project, Olivine-Mountain promises similarly high potential. Here, too, GSP's management is pursuing a similar strategy. The 3,020-hectare property is located in the Interior Plateau area of south-central British Columbia, 25km northwest of Princeton. Just 25km away is Copper Mountain's copper mine, and just under 50km away is Westhaven Ventures' Shovelnose project and Kodiak Copper's MPD project.
The potential of both projects is high, but investors should not underestimate that the Company is still in the exploration phase. Thus, in addition to opportunities for disproportionately high price gains, there are also risks. As a portfolio addition, GSP Resource is suitable for speculative investors.
NIO - New mix
Nickel-cobalt cells were yesterday. Now the Chinese electric car manufacturer NIO is adding cells made of lithium iron phosphate. The hybrid batteries with double-cell chemistry using the new technology are available to order now and are scheduled to begin shipping in November. NIO's goal with the battery pack is to blend the advantages of the two different cells to make the battery more effective. The advantage of the NCM chemistry is the higher energy density, but the price is higher. In contrast, the lithium iron phosphate cell is more robust and also cheaper.
On the stock exchange, the new achievement is not rewarded at the moment. If the support at USD 34.50 does not hold, there is a threat of a setback to around EUR 30.
The participation of the Green Party in the coalition is likely to make the issue of climate protection even more of a political focus. Nordex should benefit from further orders. The demand for copper and a tight supply offer high potential for exploration companies such as GSP Resource. The e-car manufacturer NIO should only be observed at present.
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