Stock up 27% todayHopefully this stock has bottomed and better times ahead.Some comments posted at Kitco from American Pacific mining CEO.
“Gold will always be an important metal for us, but I think copper is probably my favorite metal for the moment and probably will be for some time, just because of the amount of copper needed for this green revolution,” said Smith. “If there's going to be this green revolution, it's going to be led by copper.”
Smith said with the growing electrification trend, it's difficult to overstate how much copper will be needed to meet future demand.
“If you want to be carbon neutral by 2050, you will have to take the amount of copper that's been produced since the beginning of time and triple it in the next 20 years or so. It’s wild how much copper will be needed,” he said. “We're going to have a copper crisis in about ten years, and I think everybody knows; they just don't want to acknowledge it.”