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Lithium continues to sell at record prices as demand for electric vehicles increases.
Mining.com has the latest on who is winning the global lithium mining domination.
While other battery metals including cobalt and nickel are down significantly from highs hit earlier this year, Frik Els writes that lithium continues to sell at record prices with carbonate prices doubling this year alone.
Companies and country’s are scrambling to cash in: Australia overtook Chile as the dominant supplier of lithium five years ago, but both countries continue to attract investment. Chile’s state-owned copper giant Codelco has joined the fray while a recent conference in Australia bragged of an “insatiable appetite” for the white metal.
The animated graph below shows the world’s top lithium producing countries since 2012 and forecasts the winners in the race over the next decade, based on forecasts by Fitch Solutions, a country risk and industry research company.
TESTING VIDEO
The Forbes/SHOOK 2022 Top Advisor Summit Will Convene The World’s Top Wealth Advisors Who Represent Over $1.4 Trillion In Assets
The Sixth Annual Event Will Bring Together America’s Most Distinguished Wealth Advisors and Industry Leaders in Las Vegas on October 11-13, 2022
NEW YORK – September 14, 2022 – Forbes today announced the sixth annual Forbes/SHOOK Top Advisor Summit, a gathering of the world’s top wealth advisors and industry leaders. This exclusive event, which takes place in Las Vegas on October 11-13, 2022, will feature advisors who represent over $1.4 trillion in assets under management and provide a forum for elite professionals to discuss the industry’s top trends, best practices, and financial strategies.
Attendees will connect to explore key issues facing the world of wealth management and develop innovative tactics to help elevate the industry to the next level. Forbes and SHOOK Research have developed an in-depth agenda that caters to the topics that are top of mind for industry leaders. Topics covered will include best practices around: team dynamics and hiring, the future of technology, marketing for growth, investing and portfolio construction, using social media to enhance relationships and build business, building an outsourced family office, intergenerational wealth, goals-based investing, practice management, and working with multi generations.
The list of keynote speakers will include:
· Bill Miller – Chairman, CIO & Founder, Miller Value Partners
· Mike Pompeo, Former U.S. Secretary of State
· Jessica Sibley – Chief Revenue Officer, Forbes
· Jeremy Siegel, Professor, The Wharton School of Finance
· Cathie Wood, CEO & CIO, Ark Investment
· Liz Shook – Co-Founder & COO, SHOOK Research
· Raj Agrawal, Global Head of Infrastructure Business, KKR
· Mike Arone, Chief Investment Strategist, State Street Global Advisors SPDR ETFs
· Richard Bernstein, CEO & CIO, Richard Bernstein Advisors
· Jason Chandler, Head of Wealth Management, UBS Wealth Management
· Ron Insana, Senior Advisor, Schroders
· Dr. David Kelly, Managing Director & Chief Global Strategist, J.P. Morgan Asset Management
· Vince Lumia, Head of Field Management, Wealth Management, Morgan Stanley Wealth Management
· Kathleen McCarthy, Sr. Managing Director, Blackstone Real Estate
· Armen Panossian, Head of Performing Credit and Portfolio Manager, Brookfield Oaktree Wealth Solutions
· Matt Pottinger, U.S. Deputy National Security Advisor
· Vivek Ramaswamy, Co-founder & Executive Chairman, Strive Asset Management
· Rick Rieder, MD & Global Chief Investment Officer, Blackrock
· R.J. Shook – Founder & President, SHOOK Research
Presenting advisors have been selected from Forbes/SHOOK’s America’s Top Wealth Advisors rankings. The Forbes/SHOOK Top Advisor franchise includes content, Top Wealth Advisor Directory, events and rankings also include The Top Women Advisors in America, Best-In-State Wealth Advisors and America’s Top Next Generation Wealth Advisors.
Every year the summit raises over $1 million to save children’s lives. This year, the summit will feature four-year-old Ella, who is battling a rare form of leukemia. Attendees will meet Ella and her parents, then contribute to an urgently needed life-saving treatment for her and many other children through Children’s Cancer Research Fund.
Prior years, attendees raised over $1 million to fund a brain tumor treatment with St. Jude Children’s Hospital. Other years included a $1.4 million for Make-A-Wish®, a record for the charity, and witnessed a child’s life-changing wish come true at the Summit, and other treatments through Children’s Cancer Research Fund.
For additional information about the event and the agenda, please visit: Forbes Top Advisor Summit
To join the conversation on social, use #ForbesTopAdvisor.
The Forbes Top Advisor Summit is presented by Platinum Sponsor J.P. Morgan Asset Management.
PR Contact
Jocelyn Swift, Jswift@forbes.com
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WHO: Covid Pandemic ‘Finish Line’ In Sight
Topline
Table of contents
The end of the Covid-19 pandemic is “in sight,” World Health Organization Director-General Tedros Adhanom Ghebreyesus said Wednesday, while emphasizing governments must take even more actions to finish the battle against the coronavirus, as global weekly Covid deaths reach their lowest point since March 2020.
Healthcare professionals prepare to screen people for the coronavirus.
Getty Images
Key Facts
The world is “not there yet,” Tedros said during a press conference, but “we can see the finish line.”
The conference came after the world reported 11,118 deaths due to the coronavirus the week ending September 5, the lowest number since mid-March 2020, as Covid infections have continued to fall in recent weeks, according to the WHO.
The world has “never been in a better position to end the pandemic,” the WHO director-general added, urging governments to “take this opportunity now” or run the risk of “more variants, more deaths, more disruption and more uncertainty.”
The WHO is releasing guidance on policies with key actions that governments must take to “finish the race” with a summary of the best evidence from the past 32 months of the pandemic, Tedros said, calling on countries to reach 100% vaccination levels for the most at-risk populations of health care workers and the elderly.
Crucial Quote
“A marathon runner does not stop when the finish line comes into view. She runs harder with all the energy she has left. So must we …We are in a winning position. Now is the worst time to stop running,” Tedros said.
Big Number
20 million. That’s how many fewer weekly cases of Covid-19 were reported around the world the week ending September 5, compared to a mid-January winter omicron peak of some 23 million weekly global cases, according to the WHO. U.S. cases are down from a summer surge as well, with the country averaging 67,342 infections a day the week ending September 12, according to the Centers for Disease Control and Prevention.
Key Background
The Covid-19 pandemic first emerged in Wuhan, China in late December 2019. The disease has claimed some 6.52 million deaths since then, while more than 600 million have been infected, after attempts to contain the virus failed. The virus has also mutated at several points, with new Covid variants proving even more effective at evading antibodies from previous infections and vaccines than their predecessors. Vaccines, which the U.S. began to offer in December 2020, have served as an essential tool in the fight against the pandemic, though inequitable distribution of the shots has helped prolong the pandemic, according to experts. Covid treatments such as oral antivirals and monoclonal antibodies have also proven useful, especially for at-risk populations including those who are immunocompromised, have chronic health conditions or are above the age of 65. The U.S. in recent weeks has begun to roll out booster shots targeting the highly contagious omicron variant for all Americans 12 and older in an effort to avoid another winter surge. About 67% of people in the U.S. are vaccinated against Covid, though only 35% of those 5 and older have received a booster shot.
Further Reading
End of the COVID-19 pandemic is in sight, says WHO chief (Reuters)
CDC Advisory Panel Recommends New Covid Booster Shots Targeting Omicron—Here’s What You Need To Know (Forbes)
UAT of Quote of the day pattern DJ
Quote of the Day
Person in a red dress. Person in a red dress. Person in a red dress. Person in a red dress. Person in a red dress. Person in a red dress. Person in a red dress. Person in a red dress. Person in a red dress.
David James
IT Director
Far-Right Election Denier Don Bolduc Edges Out Centrist Chuck Morse—The Latest Sign Of Trump’s Influence Boosting GOP Primaries
Topline
2020 election denier Don Bolduc edged out centrist Republican Chuck Morse in the New Hampshire Republican primary Monday night without former president Donald Trump’s endorsement, becoming the latest pro-Trump Republican to advance to the November election as Trump’s grip on the Republican party appears to become stronger, something Democrats believe might help push independent voters away from far-right candidates.
Key Facts
Trump-endorsed candidates are undefeated in Senate primaries this year, while only five of nearly 150 of his endorsed candidates for House seats have lost, including Loren Culp (Wash.), Katie Arrington (S.C.), Jake Evans and Vernon Jones in Georgia, and controversial North Carolina Rep. Madison Cawthorn, the only Trump-endorsed incumbent to lose in the primaries, after a round of scandals pushed Republican voters towards challenger Chuck Edwards.
Trump chose not to back either candidate in New Hampshire’s Republican primary for the Senate seat—although his former staffer Karoline Leavitt won her primary for a House seat in New Hampshire and former Cranston, Rhode Island Mayor Allan Fung won his bid for the state’s House primary unopposed, crediting his success to a more centrist platform.
Polls are split on Trump-endorsed candidates in the midterm election in November, with former TV personality Mehmet Oz trailing to Democratic Lt. Gov. John Fetterman by five points among likely voters in the race for the Pennsylvania Senate, according to a CBS News poll, after beating David McCormick in the primary.
Other pro-Trump candidates trailing in the polls include Herschel Walker in Georgia, who trailed Democratic incumbent Raphael Warnock by 10 points in a Quinnipiac University poll earlier this summer.
One of Trump’s biggest losses came last month, when Sarah Palin lost a special election for Alaska’s lone House seat to Democrat Mary Peltola, although Palin will be back on the ballot in the general election in November to decide who takes the same seat starting in January.
South Carolina Rep. Nancy Mace (R), who did not vote for impeachment but has called on Trump to take responsibility for the Capitol riots, also defeated her Trump-endorsed challenger Katie Arrington in the state primary in June.
One of Trump’s biggest wins, meanwhile, came in Wyoming, where Rep. Liz Cheney (R), who led the House committee investigating Trump’s role in the January 6 insurrection and one of 10 House Republicans who voted for impeachment, lost in a landslide to Trump-endorsed Harriet Hageman, two months after Rep. Tom Rice (R-S.C.), who also supported impeachment, lost his primary to Trump-endorsed Russell Fry.
One of the few exceptions among pro-impeachment House Republicans was Rep. Dan Newhouse (R-Wash.), who beat out Trump-backed challenger Loren Culp last month.
Other Trump-backed candidates who won their primaries include Rep. Ted Budd (R-N.C.), who is running for a Senate seat, as well as Senators Marco Rubio (R-Fla.), John Boozman (R-Ark.), Chuck Grassley (R-Iowa), Rand Paul (R-Ky.), John Kennedy (R-La.), Tim Scott (R-S.C.) and venture capitalists J.D. Vance in Ohio and Blake Masters in Arizona—Masters has also voiced his support for the white-suppremacist “great replacement” theory that claims people of color are taking control of the United States.
Tangent
Senate Minority Leader Mitch McConnell (R-Ky.) told reporters last week he believes there’s a greater chance Republicans flip the House than the Senate, putting their chances in the Senate at 50-50. Democrats hold a slim Senate majority with Vice-President Kamala Harris casting a tie-breaking vote. With Palin’s loss in the special election for Alaska’s House seat late last month, Democrats now hold a 221-212 lead in the House, although polls show that lead will likely be erased, and possibly reversed in November.
What To Watch For
Whether Trump or President Joe Biden announce a presidential run after the midterm elections. A Wall Street Journal poll currently pegs Biden six points ahead of Trump in a hypothetical rematch. Biden, who is reportedly encouraged by a string of recent political victories, including the Inflation Reduction Act and falling gas prices, has said he plans to run, despite being the oldest person to assume the presidency. A recent Harvard/CAPS/Harris poll, however, found most Americans don’t want Trump or Biden to run.
Further Reading
Sarah Palin Loses In Special Alaska House Race, But Is Back On Ballot In November (Forbes)
Oz Won Pennsylvania GOP Senate Nomination By Under 1,000 Votes, Recount Confirms (Forbes)
Trump-Endorsed Herschel Walker Falls Behind Warnock In Georgia Senate Poll (Forbes)
Table of contents
Indian Billionaire Gautam Adani Briefly Becomes The World’s Third-Richest Person
Gautam Shantilal Adani, founder and chairman of the Adani Group, attends a wedding reception on February 1, 2020 in New Delhi, India.
Manoj Verma/Hindustan Times via Getty Images
Gautam Adani was the world’s third-richest person for a brief period this afternoon, when his net worth rose to $150.6 billion on Forbes’ Real-Time billionaire rankings.
Adani surpassed Amazon founder and chairman Jeff Bezos, whose fortune had dipped nearly $10 billion to $150.2 billion, after shares of the e-commerce giant dropped 7% in New York overnight. The difference between the two net worths has become so narrow, their positions in the ranking seem likely to change again in the near future.
Elon Musk continues to have a firm hold on the top spot of the global wealth ranking with a net worth of $265.6 billion, while the No. 2 position is held by French fashion tycoon Bernard Arnault with $165.3 billion.
Adani’s wealth has almost trebled since last year as shares in his companies have soared on the back of a rapid expansion amid rising energy prices. The infrastructure tycoon owns stakes in six publicly traded companies that bear his name and operate in power, green energy, gas, ports and more. Adani became Asia’s richest person in February this year, when he overtook fellow Indian billionaire Mukesh Ambani, whose current net worth of $90.1 places him at No. 8.
Meanwhile, Bezos’ net worth has dropped 20% since April as Amazon’s shares were whose shares under pressure from slowing revenue growth, rising costs and rising interest rates.
In the first six months of 2022, Amazon had a net loss of $5.8 million, compared to net profit of $15.8 million in the same period in 2021. While its revenue was $237.7 million, increased by 7.2% from $221.6 million year-on-year.
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Rank | Name | Net Worth | Age | Country/Territory | Source | Industry |
|---|---|---|---|---|---|---|
1 | Jane Cooper | 218B ▴ | 67 | United States | Beverages, Pharmaceuticals | Technology |
2 | Ronald Richards | 200.1B▾ | 78 | United States | Microsoft | Technology |
3 | Savannah Nguyen | 198.2B | 46 | Australia | Google | Technology |
