This will interest you There is a way to profit immensely from the undeniable move towards green energy. A way where you can be sure you aren't late to the party. The horse hasn't even left the starting gate.
There are a very small nunber of readers here who communicate with me directly. They know full well that for the first time ever, I've taken an interest in copper over the last year. I never have before. It always seemed so boring.
Some here might not know that in the commodity world, copper is referred to as Dr. Copper, because its price moves can be used to diagnose the health of the economy, as it's one of the most widely used industrial metals.
Copper is in a bull market that has been shunted aside in the eyes of public interest by more glamorous stories. Quietly, copper has been making new highs after new highs. It has made another overnight, with copper trading up 3 cents to $3.98, up 49.5% from a year ago.
Fortunes will be made in junior copper stocks, because copper deposits that were basically worthless at $2.75 copper are now worth hundreds of millions, if not billions. Copper mines have fixed costs of production, so if a deposit can be profitably mined has a fixed cost of $3/lb, the leverage of the mine or deposit's value given any move in the copper price above $3 is enormous.
The market is far from even beginning to realize the opportunity this presents. It hasn't yet realized that junior copper plays are a play on Green energy. The realization will come, and the profits for those with foresight will be enormous. Select copper plays that are trading for mere pennies will rise manyfold.
I urge everyone here to take a serious look at that market. Do some homework, and you'll do well. Don't bet the farm, you won't need to.
Here is an excerpt from a publication released in the UK four days ago:
Green Energy to Drive Domestic US Copper Demand Copper demand is set to continue to grow both as a result of global post-covid economic stimulus and through the switch to clean energy. Copper is one of the best conductors of heat and electricity, and renewable energy sources such as solar, hydro, thermal and wind require up to 12 times more copper than traditional fossil fuel alternatives. According to the Copper Development Association, solar systems require 5.5 tons of copper per MW, onshore shore wind energy requires 3.8 tons of copper per MW, whilst offshore wind farms require 10.5 tons per MW due to the extra cabling. Each new electric vehicle contains between 40 and 83kg of copper, compared to 23kg for conventional vehicles. Unlike many clean energy minerals such as graphite and lithium which are only used in battery production, copper is required throughout the energy cycle in production, storage, transmission and use. As a result, copper use is forecast to potentially increase by up to 350% by 2050.