This is a nice graph. Given the scaling up and level of production we're going to see the Electric Vehicle industry go through over the next decade, 100kg of copper per vehicle is massive. Especially given global inventories, production and reserves of copper are diminishing fast.
Copper prices are holding strong. This past week has witnessed a nice bounce off of support at $9,200 USD/T.
If Evergrande was going to cause issues, it would still be dragging the price down. Investors are now looking forward towards the long term opportunity. Just as we're witnessing with lithium and rare earth's, copper will enter into a super cycle this decade.
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This is a nice graph. Given the scaling up and level of...
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