This is why people should invest in copper.
Published yesterday in Canada by Baystreet a leading financial news service.
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The Race for Copper: Why Recycling and New Discoveries Are Crucial for Future Tech
USA News Group – If the world intends to shift towards green energy and other major technological advancements, the future depends on copper. However, the current copper market is projecting a very serious shortage that could hinder advancement. Cable manufacturers are ramping up their copper recycling efforts to meet clean energy demand, while researchers are warning a shortage could imperil the future of electric vehicles (EVs). Couple in an ongoing artificial intelligence (AI) revolution that’s also going to need an astronomical amount of copper, the pieces are moving into place for what economists call a commodities supercycle. As the world claws away at the copper that’s available, calls are mounting supporting development secure supplies for tomorrow, giving rising incentive to copper miners to make new discoveries and development happen, including from Yukon Metals Corp. (CSE: YMC), Ivanhoe Mines Ltd. (TSX: IVN) (OTCQX: IVPAF), First Quantum Minerals Ltd. (TSX: FM) (OTCPK: FQVLF), Compañía de Minas Buenaventura S.A.A. (NYSE: BVN), and McEwen Mining Inc. (NYSE: MUX) (TSX: MUX).
As the IEA forecasts a 20X increase in global copper demand by 2040, the significance of current development projects is undeniable.
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