RE:Will OCO sell during recession?Not to worry - anything above $3.00 per pound is good for Oroco. Above 4.0 was huge. China is not slowing down, EV's are ramping up and take lots of copper per auto, and high gas prices will continude to drive EV's and Hybrids. The wizards of wall street are forecasting a recession that is not here, and for sure, oil is driving inflation and slower econoimic activity.
However, the resolution of Ukrain a year out will mean a massive re-building, Nato will spend due to Russia behaviour, and China will attempt to get off of oil. 1/7 of all cars in China are electric today. Note that Chna produces 21 million of the world's cars - total world production is 79 million new autos.
The producers outside of China have been hammered by supply chain disruptions and the pent up demand for new Autos is high. Expect in 12 months supply chains to be resolved, a large amount of hybrids will be produced, instead of regular cars and a huge demeand for EV's as gas will be $6.00 a gallon or more.
Copper will then be very expensive.
Cheers