15 March 2021

1) Canoo of Los Angeles is offering a battery-powered truck, with a skateboard-style EV platform, having a highly modular, cab-forward, for a blisteringly quick utility vehicle. Similar to Ford’s F-150, it comes in about the height and two inches narrower, and with a wheelbase 10 inches shorter. Without a conventional drive train, its extended cab is far forward, thus giving it a larger bed than the Ford. With its battery and electric motor, it can generate 600 horsepower and 550 foot-pound of torque even down at zero rpm. These should make the Canoo a respectable tow rig, not to mention a capable crawler, what with its short wheelbase, skid plates front and rear, and integral tow hooks.

2) America has now administered over 100 million doses of COVID-19 vaccine (101.1 million). That equates to more than 35 million Americans fully vaccinated or 10.5% of the total U.S. population. Nearly 66 million, or almost 20% of the total population, have gotten at least one dose, while one-third of Americans age 65 and older are fully vaccinated. The first shot was given on December 14, and more doses have been administered in the U.S. than any other country in the world, although several smaller nations have vaccinated a higher proportion of their populations. The U.S. should have enough COVID-19 vaccine to immunize the nation’s entire adult population by this summer, with enough left over for some 172 million more people. The nationwide pace of vaccinations has quickened to an average of over 2 million doses a day. The majority of states have already vaccinated many of their front line essential workers and residents over 75 years old.

3) Rare earth elements are produced in various parts of the world, but primarily in China, who has been holding the U.S. and some other countries hostage under threat of a trade war by using these ‘must have’ minerals. But that is about to change with Noranda Alumina of Gramercy, Louisiana, who is proposing developing an $800-million dollar high tech refining center for extracting rare earth minerals from over 35-million tons of residual bauxite stored in Louisiana. Investing nearly a billion dollars on the new plant, it will create 2,000 construction jobs. Once in operation, the facility will employ 200 full time high paying jobs along with nearly 600 indirect jobs. This opportunity enables America to domestically produce these rare earth elements that go into a lot of green earth technologies, plus by recycling the residual bauxite, the extraction plant will be carbon neutral.

4) Stock market closings for – 12 MAR 21:

Dow 32,778.64 up by 293.05
Nasdaq 13,319.86 down by 78.81
S&P 500 3,943.34 up by 4.00

10 Year Yield: up at 1.64%

Oil: down at $65.56