Copper supplyJust not enough to go around for world electrification plans. So what will be the price that shelves a project?
300 pounds copper in an ev. 10.00 copper jumps the price of ev by 2000.00 from 3.50 copper today. So evs will compete until 100.00 a pound.
Apliances use about 2 pounds. So they will compete. We have lots of oil, coal and natural gas and hydro power. So my guess is wind and solar will be shelved except for the best projects.
Copper rising as I type. I believe q4 average price will be 3,30 u.s. or 4.35 cad.
I will say the 39 million gross for q4 on presentation will b close. They say lower c1 is ongoing. So tko 30 million pound share should give 50 million cad ebitda.
nf