Post by
BillyKnowsBest on Jan 18, 2021 10:28pm
Bullish on Copper
https://anchor.fm/austin-bentz/episodes/005---The-Copper-Outlook-ep3ku0
10 Minute Investing Canada - on Apple Podcasts & Spotify
Very bullish on Copper long term!
EV space, and increased need for electric infrastructure. EVs, Charging stations, renewable energy and battery storage
only 17% of electric energy came from renewables in 2020. Long way to go to get to 100%!! That is going to mean more copper, and more copper miners!
Rough estimates by Wood MacKenzie say we will need an additional 24M tonnes of copper per year, more than double the ucrrent production.
This will require $1.7 TRILLION in new mining investment!! Only way that could happen is if it becomes very profitable to mine copper, prices near $5 !! long way to go up!!
Comment by
stockfy on Feb 08, 2021 6:46am
LUN has a producing copper mine in Portugal, Neves Corvo. Ascendant (ASND) has an exploration project in the same area with very strong drill results to-date, Iberia Pyrite belt. We could see LUN acquiring ASND.