https://www.miningbeacon.com/posts/47494-dr-copper-is-kingAtMines 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!
(20min delay)