Sorry boys and girls for my incompetence to post some reasons, why a CR is no worry for me
and maybe some others here >> one hour work for nothing !! HC won't accept it twice !!Don't know, why HC blocked any chance to reply to @AbsurdSisyphus post
Post #: 52613576 above
As compensation for my incompetence, here are some excerpts from an article by 'The Northern Miner'
https://www.northernminer.com/editorial/friedland-its-copper-copper-copper-copper-copper-copper/1003830240/
Ivanhoe Mines’ founder Robert Friedland opinion:
Whether you are a Friedland fan or not, you can’t disagree with his conclusions that, as the world transitions from hydrocarbons (oil and gas) and moves toward electrification and greener energy sources, metals like copper will be more important than ever before. In fact he described copper in the medium term as a “national security issue” as countries around the world will have to scramble to lock-in supply.
Friedland also said that China is “light years” ahead of the United States “in the thoughtful, intelligent design of their national grid;” called the American grid, now well over 100 years old, “a joke by comparison,” and estimated that it will take “tens of trillions of dollars” to upgrade it from “a mishmash of pieces that are all mismatched” and into one that is designed to accommodate alternative energy. “Designing a new electrical grid for America alone will take astronomic amounts of the right metals,” he said, “and it will have to be done.”
Another speaker at CRU’s virtual World Copper Conference on April 12-13, was Goldman Sachs metals strategist Nicholas Snowdon, who said the mining sector is at the start of a supercycle.
The Northern Miner obtained a copy of Goldman Sachs’ report Copper is the New Oil, which like Friedland’s warnings, is a wake-up call for those who don’t see the tidal wave of disruption barreling down upon us. “Crucially, the copper market as it currently stands is not prepared for this demand environment,” Snowdon and his colleagues wrote in their April 13 research note, estimating that by 2030, copper demand from the green transition “will grow nearly 600% to 5.4Mt [million tonnes] in our base case and 900% to 8.7Mt in the case of hyper adoption of green technologies.”
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
8.0¢ |
Change
0.001(1.27%) |
Mkt cap ! $183.2M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.0¢ | 8.0¢ | $813 | 10.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 45325984 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 7512998 | 27 |
View Market Depth
| Last trade - 14.59pm 25/07/2025 (20 minute delay) ? |
| XAM (ASX) Chart |