The Nasdaq Sprott Energy Transition Materials Index (NSETM) rebounded in November, increasing 4.31% to close the month at 910.84. Uranium miners continued to track the remarkable increase in uranium prices, while copper miners staged a rally on a snapback on copper prices. Lithium and nickel miners continued to drift lower as lithium carbonate prices fell sharply again, and nickel prices continued to decline. Violent macroeconomic reversals continued in November as the U.S. dollar and yields fell, sparking a risk-on rally and short covering on hedges. The equity market retraced the entirety of the previous three ... (full story)