Demand for this metal is about to grow by 1,000% - Gianni Kovacevic David Lin Tuesday December 28, 2021 20:48
The electrification of the economy will rapidly transform the modes of transportation; the need for electric vehicles will bring higher demand for both copper and lithium, the latter of which is used in batteries.Gianni Kovacevic, director of CopperBank, that the copper price, currently at $4.43 a pound, is going to grow to over $6 a pound, or what he calls the “inflation-adjusted all-time high.”
( P.S Lithium to grow by 1000% , but there will not be enough Copper. )
Is RXM on the cusp to go from explorer to producer, this is the perfect time to do it and from where I am sitting, they are ready to push the button.
They have the copper and everything needed to support the mining. They have the copper price. Do they have the management ??? to make the Processing Plant happen, the last key ingredent needed.
Rex’s Chairman, Ian Smith, said: “We welcome Andrew Seaton to the Rex Minerals Board. The strength and depth of our new Board, as well as an enhanced and experienced project team, reflect the Company’s strong commitment to progressing development of the Hillside Copper Project. We look forward to providing further updates on progress with building the on-site Hillside Project team in the New Year.”
RXM Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
