RE:Copper price to rise in 2021: analystsLots of Macro factors pushing Copper the right direction!
a few covered in my recent podcast, on Apple Podcasts, Spotify and Overcast
10 Minute Investing Canada - Episode 005 - The Copper Outlook
EV space, and increased need for electric infrastructure. EVs, Charging stations, renewable energy and battery storage
only 17% of electric energy came from renewables in 2020. Long way to go to get to 100%!! That is going to mean more copper, and more copper miners!
Rough estimates by Wood MacKenzie say we will need an additional 24M tonnes of copper per year, more than double the ucrrent production.
This will require $1.7 TRILLION in new mining investment!! Only way that could happen is if it becomes very profitable to mine copper, prices near $5 !! long way to go up!!