ABN Amro - Copper remains very essential in energy transition
Meanwhile, new mines are not coming online fast enough with a recent report saying they can take over 16 years to go from discovery to production.
The IEA has added that the world will need to address strained electrical power grids if the demand on them keeps rising. Grid upgrades, however, also require copper, particularly from renewable energy solutions.
As one analyst pointed out “wherever there is economic development…….there is significant growth in copper consumption.”
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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