Brazil Minerals (BMIX) Retreats After Surging 40%

When Nasdaq is climbing slowly Brazil Minerals (OTC: BMIX) jumps abruptly from $0.0102 to $0.0143 in an hour. This company is most known for mining rare metals. Recently, it has started exploring nickel in the state of Goiás in Brazil.

More than 29k acres of land have been preserved for possible mining. We should take note that BMIX will be busy with the production of not only nickel but other metals if they are available of course.

As cobalt and nickel are essential elements of lithium batteries BMIX may remain in this business with successful explorations and production. The stock is still lucrative with its penny value which can soar anytime so staying alert to its news is an inevitably strategic idea.