There’s a perfect storm sweeping copper to new highs.
When CV-19 showed up, prices dipped…but then they took off.
The last year has been amazing for copper.
Prices for the red metal recently broke just through the $10,000 mark for the second time in a decade.
Even with the current volatility, the Bank of America believes copper could more than double to $20,000 per tonne by 2025.1
Why?
Because we’re using more copper than ever today, but copper inventories are at levels seen 15 years ago.2
Meanwhile, there are multiple drivers for growing copper demand as a base metal:
- Vaccines and boosters are rolling out3
- The global economy is recovering4
- Government stimulus is increasing5
That all adds up to a major tailwind that’s helped copper stocks like Taseko Mines and Copperbank Resources generate big value in the past year.
While those stock gains have already come and gone, listed Western Copper (TSX WRN) is ready on the scene to benefit from the hot copper market.
Especially since there’s another MAJOR factor behind the increases in copper demand and prices…
…the rise of electric vehicles (EVs).
EVs rely heavily on copper. They use 3X to 4X as much copper wiring as a traditional vehicle.6
With EV sales expected to skyrocket in the near term, copper demand and prices are expected to skyrocket too.
But EVs are just one catalyst driving copper to new highs.
Copper is also essential to our future existence since renewable energy technologies also need lots of copper.
The International Energy Agency says copper will remain the most widely used metal in renewable energy technologies.7
Goldman Sachs predicts that by 2030, copper demand will surge by nearly 600%.8
That’s all good news for copper miners and their stocks.
But which copper stocks are likely to get the biggest boost from this perfect storm?
The ones that have a proven team and a strategic project in hot regions so they can produce a steady stream of news.
That’s why investors need to keep a close eye on Western Copper a readt made" buyout candidate" (WRN). (RIO in final stage of DD)
Buy for 400 - 500% gain !
M2