RE:RE:Hmm, on BNN there is talk that BoA (Bank of America) It matters not what your base case for oil supply/demand will be in the next two decades and the pace of adoption of 'green' technologies. Regardless of your assumptions, we know if all else remains the same, the demand for copper will grossly outstrip the available supply. Copper is in a multi year bull market (just look at the copper bull flag on the one year chart) and IVN is posed to be a beneficiary. The highest demand for copper is the electrification of third world economies, not EVs. The risk in the short term is market collapse and economic slow down, but copper's long term fundamentals are crystal clear. And China can suck it with their dumping of their 'strategic' reserves.
1student wrote: Hello Topadvisor1.
Caterpillar In is developing a fleet of all electric mining vehicles.
Given Mr. Friedland's financial interests in battery storage development and manufacturing, EV battery development and proposed manufacturing and Mr. Friedland's declared push for a NetoZero carbon footprint for the KK mine; I don't doubt for one second that the world's mining industry players have much to learn from what Robert Friedland will attempt to establish within Congo and elswhere.
Presently, there is a company which has developed one of the world's largest capacity electric dumpers, the Komatsu Elektro dumper. This massive mining vehicle, which employes a regenerative braking recharging technology, was developed by Kuhn Schweiz, a mining and construction equipment manufacturer based out of Switzerland.
Not too worry. Crude oil and natural gas development isn't going to cease to exist any time soon (at least, not in 100 years); although, given the rhetoric spewed forth by governments, ESG promoting organizations and the like, you wouldn't believe that is the case.
There is certainly a more prominent place for the electrification of all things mechanical, quite obviously inclusive of transportation.
I simply suggest that you not count oil and gas exploration and development out of your picture of what the global industry of commerce will look like going forward.
In fact, the electrification of the global automotive industry can not happen without hydrocarbons. We simply have to seek to use less hydrocarbons derived energy and products; and that's were the entire carbon credits trading industry comes into play.
I expect you already know; yet I suspect many others do not know that diversification of your investment portfolio is always suggested.
You and/or others reading this may want to immerse into a understanding the carbon credits trading universe; you can bet your assets that Robert Friedland has.
The carbon credits trading industry will help in allowing one to keep generating a very health return from investment.