AR1 0.00% 16.0¢ austral resources australia ltd

1000+ tpm Copper Producer, page-7

  1. 4,988 Posts.
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    Copper is often known by traders as “Dr Copper” as it “predicts” the health of the economy.
    I think, as many are predicting a recession or certainly a slowdown in the economy worldwide, this is keeping the Cu price subdued.
    However, the use of vast amounts of Cu in the manufacture of EVs is something utterly new.

    I think it possible that there could be an economic slowdown in, say construction, yet Cu could remain in short supply by being soaked up by EV manufacturers.

    FWIW
 
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