would post the link it if was not so impossible to do on here.
The global economic recovery, coupled with the mass adoption of lithium batteries in the EV sector, has seen copper rally as much as 120 per cent from the crash of March 2020.Copper is heavily used in the manufacturing of a wide range of goods, and the strong demand for the metal is perceived as a sign of economic health.
Hence the nickname ‘Dr Copper’.The outlook is extremely strong, says Barclay Pearce Capital equities trader, Joseph Raad.“EVs contain approximately four times as much copper as conventional cars,” he says.“2020 saw the global electric car stock reach 10 million units, a 41 per cent increase from 2019, and a conservative EV outlook by 2030 suggests that such stock will reach approximately 150 million vehicles and account for 7 per cent of the global vehicle fleet.
”The significant outpace in demand has left many analysts forecasting copper market deficits amid further declines in inventories over the coming years.The price of copper could soar above $US20,000 per tonne, says Raad, up from a current price of ~$US9400/t
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