Supply vs demand.
Warehouse levels are at lows and we're about to have unprecedented stimulus spending which will likely target green energy. Green energy needs lots of copper.
Look at the warehouse levels:
To build 20m new Teslas it requires an increase in global copper demand by 9%. That's just Tesla's. Think about the other brands. Think about the electrification infrastructure they need to support them. Underground wiring, charging stations, green power plants because millenials concerned with carbon won't want to be powering their clean Tesla's with coal power.
Also take into account that copper discoveries are declining and grades are reducing in existing mines as they near their end of life. We're going to use more copper in then next 15 years than humanity has used since the dawn of time. Where exactly is it coming from?
Also we just hit 8 year highs.
- Forums
- ASX - By Stock
- NRX
- Most undervalued asx copper resource
Most undervalued asx copper resource, page-11
-
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NRX (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.864M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1000000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 526269 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 0.011 |
11 | 4442083 | 0.010 |
5 | 1155129 | 0.009 |
3 | 594980 | 0.008 |
6 | 1442564 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 526269 | 2 |
0.013 | 458377 | 3 |
0.014 | 1590000 | 2 |
0.015 | 271428 | 2 |
0.016 | 754286 | 2 |
Last trade - 16.12pm 21/06/2024 (20 minute delay) ? |
Featured News
NRX (ASX) Chart |
Day chart unavailable
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online