Veteran WMC geologist and Morgans senior resources analyst Chris Brown led the chorus at the Noosa Mining Investment Conference in Queensland on Wednesday, saying he sees the same bubbling upside in commodities poised to benefit from the energy transition as copper enjoyed after it had sunk to $US0.85/lb in the late ‘90s.
“I think we’re now looking at the same sort of potential upside that we saw when we recognised that China was one and a half billion people and wanted to make stuff and sell stuff,” he said in a keynote panel.
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“It’s a really interesting space,” Brown said. “I suppose it’s probably not if you’re worried about where next term’s school fees are coming from, because you never really know when things are going to go up.”But that’s not to say he isn’t extremely bullish on the electrification story. Because oh, he damn well is.
“But if you’re not invested, you won’t get the benefit of that initial kick,” he said.
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He fingered rare earths and zinc as other prime movers, with a push towards offshore wind power – technology that requires 10 times the base metal’s content as onshore wind – to provide ... er ... tailwinds for the latter.
“I think everything is going to grow,” he said.
The article covers copper, lithium, graphite, REEs, and gold.
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