Doubling the copper price, to an incentivise price as talked about in the article below, would have a material impact on Evolution's sales revenues going forward.
To meet the world’s future needs, copper prices must at least double their current levels in order to incentivise companies to build more mines, a study published in the latest issue of the SEG Discovery journal suggests.
According to the study, led by researchers from the University of Michigan, Cornell University and the University of Queensland, the problem isn’t about finding enough copper in the ground, but the rate at which companies are mining to satiate the rapid consumption of metal driven by two major themes: economic development (construction, infrastructure, houses and household goods) and clean energy (EVs, global renewable energy transition).
These two drivers of demand are at odds when it comes to how resources are to be allocated, because, as the study reveals, the current rate of mining can barely keep up with the copper needs for one, let alone both.
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.
EVN Price at posting:
$8.86 Sentiment: Hold Disclosure: Held
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