Stanley Druckenmiller's positions are rallying today • MercadoLibre $MELI: +9.5% • Seagate $STX: +5.4% • Alcoa $AA: +4.3% • YPF $YPF: +3.8% • BBB Foods $TBBB: +2.8% • TSMC $TSM: +2.7% Brazil's election shock is fueling the rally

The US Department of War said it will provide $174 million in financing to Alcoa to build a gallium plant at its alumina refinery in Western Australia, as Washington seeks to reduce its reliance on China for critical minerals

US Department of War announces $174M financing for securing Gallium Supply Chains. Beneficiaries are: - $AA (Alcoa Corp) for Gallium production at its refinery. - Sojitz (2768) as the Japanese JV offtake partner Good to see US critical minerals supply chains investments.

In 2023, a wellness entrepreneur pitched Klaus Kleinfeld, the former CEO of Siemens and Alcoa, on an opportunity to invest in Deepak Chopra's meditation and wellbeing app. Now that entrepreneur is in a federal jail.

Department of War Announces $174 Million Investment to Secure Gallium Supply Chain The Department of War (DOW) announced today an estimated $174 million* equity financing investment to construct a new gallium production facility at Alcoa's Wagerup alumina refinery. Executed by the Office of the Assistant Secretary of War for Industrial Base Policy (OASW(IBP)) via the Industrial Base Analysis and Sustainment (IBAS) program, the initiative is a multinational partnership with Export Finance Australia (EFA), the Government of Japan, and Sojitz Corporation. Alcoa of Australia will operate the facility, which is projected to produce 100 metric tons of gallium metal annually. *Note: Final USD value is subject to exchange rate fluctuations at the time of the transaction. "This landmark agreement with our key allies, Australia and Japan, will secure a vital supply of gallium for our defense industrial base, strengthening our collective security and economic resilience for years to come," said the Honorable Michael Cadenazzi, Assistant Secretary of War for Industrial Base Policy. Gallium is essential to the high-performance semiconductors underpinning critical defense capabilities. These include advanced radars for aerial and maritime platforms, ground-based missile defense systems, secure satellite and tactical communications, and precision electro-optical/infrared sensors for missile guidance and thermal imaging. Gallium is also critical for the solar cells that power military and civilian satellites. Securing a reliable supply of gallium is essential for the DOW, and this project works to build long-term resilience in the existing global supply chain. Since its inception in 2014, the IBAS program has invested over $2.6 billion across more than 200 projects to restore and strengthen the defense industrial base.

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JUST IN: Stanley Druckenmiller just updated his portfolio This is everything Duquesne Family and Stanley Druckenmiller owned as of the end of Q1 Natera $NTRA: $576.7M Taiwan Semiconductor $TSM: $201.2M STMicroelectronics $STM: $161.1M YPF Sociedad Anonima $YPF: $142.0M Insmed $INSM: $126.3M Brazil ETF $EWZ: $124.6M BBB Foods $TBBB: $113.6M NewAmsterdam Pharma $NAMS: $109.2M Sea Limited $SE: $96.8M Roku $ROKU: $93.2M Alcoa $AA: $92.9M Broadcom $AVGO: $83.7M Teva Pharmaceutical $TEVA: $82.1M Woodward $WWD: $73.6M Sandisk $SNDK: $54.1M Figure Technology $FIGR: $51.2M Revolution Medicines $RVMD: $46.0M Intel $INTC: $44.9M Coupang $CPNG: $43.5M Humana $HUM: $42.1M Seagate $STX: $40.6M CRH $CRH: $39.0M Lattice Semiconductor $LSCC: $39.0M Bloom Energy $BE: $38.6M Option Care Health $OPCH: $36.5M Twilio $TWLO: $36.0M Restaurant Brands $QSR: $34.6M Global X MSCI Argentina ETF $ARGT: $33.7M Jabil $JBL: $28.2M Caris Life Sciences $CAI: $28.1M Wabtec $WAB: $25.0M United Airlines $UAL: $24.6M Cleveland-Cliffs $CLF: $23.8M Arm Holdings $ARM: $22.5M iShares GSCI Commodity $GSG: $22.0M Southern Copper $SCCO: $21.7M Linde $LIN: $20.9M Unity Software $U: $20.4M Nuvation Bio $NUVB: $20.1M Qnity Electronics $Q: $19.8M Micron Technology $MU: $17.2M Protagonist Therapeutics $PTGX: $16.4M Coherent $COHR: $15.8M Belite Bio $BLTE: $15.2M Olema Pharmaceuticals $OLMA: $13.4M Xenon Pharmaceuticals $XENE: $13.0M ADMA Biologics $ADMA: $12.8M StubHub Holdings $STUB: $12.2M PureCycle Technologies $PCT: $12.1M Amazon $AMZN: $12.1M Celestica CLS: $12.0M Daktronics DAKT: $10.7M Cloudflare NET: $10.4M Twist Bioscience TWST: $10.1M LyondellBasell LYB: $9.9M Vista Energy VIST: $9.8M JBS JBS: $8.9M EchoStar SATS: $8.3M Almonty Industries ALM: $8.2M DBV Technologies DBVT: $7.5M Lumentum LITE: $6.8M Solstice Advanced Materials SOLS: $5.3M MercadoLibre MELI: $4.3M Westlake WLK: $1.9M Wave Life Sciences WVE: $1.2M