Tpain, seems the markets are Valuing copper on today, not 2 plus years away.
Gm and Ford have not yet ramped up EV production. Both plan to produce 100m evs each pa.
At the moment copper miners won't spend, freeport has not gone ahead with a 2b new copper mine on economics, but to build its 2 years anyways.
Bhp choose to payout excess profits in dividends, versus stripping back Olympic dam to get to cast resources of copper. A decision that may haunt them when buyers go to get copper and there is not any.
That is what will happen if buyers won't 20m tonnes more than exists each year.
Generally and sadly, the world is reactive.
This EV revolution has not even really started yet.
I bet also governments will throw much cash to install batteries to existing solar setup at home.
Power is expected rise 30% next year, that maybe when home owners finally get fed up and do make the change in droves.
This move to green energy can not occur, or even get there 50% with the minerals needed.
Then there is the issue on cost, if copper is 15k a tonne or more, that will alone cause problems on build expense.
There is no real win unless we have excess supply.
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Mkt cap ! $14.00M |
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1 | 1000000 | 0.003 |
Price($) | Vol. | No. |
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0.011 | 2422618 | 6 |
0.012 | 1225307 | 4 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last updated 15.59pm 14/06/2024 ? |
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