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A Scarcity Event Has Struck Copper, Sending Prices Up 184% In 24 Months tomorrowinvestor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tomorrowinvestor.com Daily Mail and Mail on Sunday newspapers.
Mainstream media and the large mining companies are finally catching on to what we at AOTH have been saying for the past two years: the copper market is heading for a severe supply shortage due to a perfect storm of under-exploration/ lack of discovery of new deposits, clashing with a huge increase in demand due to electrification and decarbonization. Dramatic price rise Copper is trading over $4.00 a pound this year on rapidly tightening physical markets, rebounding economic growth especially in China, the top metals consumer, and the expectation that the era of low inflation in key economies may soon be over. ....
Richard (Rick) Mills Ahead of the Herd As a general rule, the most successful man in life is the man who has the best information. Copper, the most critical metal [Note: all dollar amounts in USD] In 2018, before the trade war between the US and China put the boot into to copper demand, and covid-19 mine closures/abandoned expansion plans crimped supply, we made a bold prediction: that copper supply is NOT going to be able to keep up with demand in the long-term. Here’s what we wrote, in The Coming Copper Crunch: Even with expansions at existing mines and the ramp-up of the relatively few new copper mines like Cobre Panama, Radomiro Tomic and Toquepalain, it will not be enough to meet the onslaught of demand that is coming from China as it continues to modernize and urbanize, and electric vehicles, which use three times as much copper as regular ones. In 2016 Chinese automakers sold 28m cars. If China follows through on its promise to go 100% electric, th ....