Sector Expert: Patrick Wong
Patrick Wong, chief executive officer and director of Innovation Metals Corp., is a seasoned hedge fund manager with over 15 years of experience in various trading strategies, including capital structure arbitrage. He was co-founder and chief investment officer of Dacha Strategic Metals Inc., a unique investment vehicle that invests in physical rare earths. Prior to Dacha, Wong was president of a natural gas trading company that created models to trade physical gas. More recently, he has traded rare earths and metals.
Remember when CD players cost hundreds of dollars? The same volume-based price slide is starting to take place with electric vehicles, according to Patrick Wong, CEO and director of Innovation Metals Corp. Wong believes that hybrid and electrical cars are on the cusp of overtaking standard automobiles as the vehicles of choice. And when they do, the rare earth markets that supply the materials needed in every electric car battery and drive motor will take off. In this interview with The Metals Report, Wong encourages investors to get into the market before they get left behind.
"TSM has a suite of HREEs, for which demand should come from both Asia and Europe."
The Metals Report Interview with Patrick Wong