The copper and nickel may be in balance today, however the EV market and required infrastructure is still forecast for explosive growth. Wind turbines, upgrading power networks, and other copper consumption industries are still forecast for growth.
The reality is that there are not enough copper mines under development to satisfy that growth over the next 5-10 years. Even if a modest 20% growth of these industries happened there won't be enough fresh copper, or recycled copper, to satisfy.
Forget net-zero targets, they're the nadir of government empty promises to lure in votes and investment. Sure we all would like to see it, and I would like to see a train to Melbourne airport. Ain't gonna happen. Nearly does, but then it doesn't. So the idea of a new Escondida every year may not be realistic. Our little copper deposit could still very much be required as the price of copper rises.
Every other week the copper warehouse is nearly empty. This week it is full. What will it be next week?
The copper and nickel may be in balance today, however the EV...
Add EM2 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.0¢ |
Change
0.001(1.69%) |
Mkt cap ! $23.57M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 6.0¢ | 5.8¢ | $53.80K | 910.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66766 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 27255 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
6.0¢ |
Change
0.001 ( 1.69 %) |
||||
| Open | High | Low | Volume | ||
| 5.9¢ | 6.0¢ | 5.8¢ | 320923 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| EM2 (ASX) Chart |