Biden = $226 Billion for copper projects By James Hyerczyk
On November 15, 2021[1] President Biden signed the biggest infrastructure-spending bill of all time. A staggering $226 BILLION is earmarked for projects REQUIRING huge amounts of copper.
Copper has skyrocketed 79% from February 2020 to February 2022[ and many experts believe this is only the beginning of a massive bull run for this shiny metal.
Turns out, copper is a desperately needed mineral to power the green revolution of clean emission-free energy.
And Joe Biden has just given copper and its investors a huge boost.
That’s because The Infrastructure Investment and Jobs Act of 2021[3] is like a shopping list of copper-based projects backed by a $226 billion government gift card.
Biden has NO CHOICE but to throw hundreds of billions behind copper if he has any hope of delivering on the promise for a clean energy future.
You see, the simple fact is…
No copper… No clean energy future!
Now, you may have heard that lithium is the secret ingredient to powering the green revolution. That may be true, but…
While many green gurus and EV big shots like Elon Musk have zeroed in on the need for more lithium to make the batteries needed to power the clean energy EV, one overlooked “green” commodity is quietly soaring.
And that’s copper. For all the talk of lithium, the simple truth is…
The transfer to electric vehicles will not be possible without tons of new sources of copper.
That’s because large amounts of copper are needed to build just one EV.
You see, in one conventional gas-powered car, 18 to 49 pounds of copper are needed to build that one car depending on engine size.
But in just one EV a whopping 183 pounds of copper is needed to build one electric engine! That’s 4 to 10 times MORE copper.
With the soaring demand for EVs rising in the next decade, copper demand is also expected to explode.
EVs are expected to increase 14X by 2030 from the 1.8 million EVs on the road in 2010 to over 25 million EVs by 2030. That’s over 23 million new EVs in operation