https://www.miningbeacon.com/posts/47494-dr-copper-is-kingAt Mines and Money Asia, a poll of delegates revealed the top 3 favoured commodities to be:
1 – copper
2 – nickel
3 - gold
Talking to delegates, their interest in copper is for a number of reasons. Firstly, there is a significant shortage of Tier 1 copper discoveries. Secondly, copper is not easily substitutable with other commodities. Thirdly, copper is a smart way to play the EV investment thesis. The average EV has 73kg of copper not 25kg. Finally, China’s demand for copper is still expected to increase at a rate of 10% per annum.
If we can ever get to master the Nifty beast, we could be in the money. It might be a rocky road, but it can't be impossible, can it? Is management that incompetent that this mine can't be turned around?
And, one day, that nickel could be worth digging up!
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