Renewable/EV Growth To Lead Copper Demand Copper is one of the most in-demand metals globally due to its use in electronics, construction, and renewables. As a result of high demand, copper has outperformed the market this year, up 37% in the past 12 months. I just read an article from Reuters saying that an estimated $515B will be spent on EVs in the next decade, meaning that we're going to need a lot more copper to sustain the demand out of fossil fuel.
https://www.reuters.com/business/autos-transportation/exclusive-global-carmakers-now-target-515-billion-evs-batteries-2021-11-10/
US Copper Corp is a copper exploration company I've been watching recently. They have an impressive historical copper project out in California dating back to 1915. (With close proximity to Tesla's Nevada gigafactory).
- Infrastructure already in place (nearby highway, railway, paved road, and local lodging)
- Historical production of 161.5M lbs of copper, 1M oz silver, and 23,000 oz of gold
- Recently drilled holes with grades of 1.51% and 2.56% over 124ft and 39.4ft.
- Copper resource of 1.3B lbs of copper Indicated and 1B lbs of copper Inferred from the 2018 PEA
- Solid management team with 100+ years of experience
There's a lot to cover on these guys, but I definitely recommend taking a deeper look into them. Only a $12M market cap here, and with the most recent drill update being pretty positive, we could be reaching the bottom at these levels.