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2023 Copper Outlook

“Although gold prices remain an attractive asset as the world teeters on the brink of a recession, Smith said that copper is also well-positioned to weather the oncoming storm.” “With this electrification revolution going on, there is going to be a major supply deficit for copper,” he said. “Whether you’re looking towards a rough economic […]

A Great Copper Squeeze is Coming for the Global Economy

“You wouldn’t know it from looking at the market today, but some of the largest miners and metals traders are warning that in just a couple of years’ time, a massive shortfall will emerge for the world’s most critical metal — one that could itself hold back global growth, stoke inflation by raising manufacturing costs […]

Domestic Copper Mining is Key to Advancements in Electrified Transportation

Marjorie Haun, a freelance journalist, writes: “Electric Vehicles cannot exist without copper, lithium, cobalt, nickel, graphite, and manganese, all of which can be found in the United States. Copper is the primary metal required for both existing and future electric transportation technologies, and is cheap when compared to other metals with comparable conductive properties such […]

Mining Firms’ Cautious Spending Threatens Shift to Green Energy

“Metals prices are up, but mining companies aren’t spending. Their restraint could keep supplies tight and magnify shortages of raw materials such as copper and zinc that are critical for the transition away from fossil fuels.” “Auto makers such as General Motors Co. and Tesla Inc. are forming partnerships with producers to secure needed metals […]

Exxon Mobil Thinks Electric Vehicles are the Future

Exxon Mobil CEO Darren Woods is predicting that “by 2040, every new passenger car sold in the world will be electric.” With electric vehicles using up to four times more copper than regular gasoline vehicles, copper will be a critical metal in this transition. Read the full article here.

Copper’s Role in Clean Energy

“The transition to wind and solar energy and electric vehicles will be accelerated by energy storage technologies. Copper is a critical material component for the next great energy transition.”  Expand full article: Copper and the Clean Energy Transition

Copper is the new oil

“According to the analyst, the biggest beneficiary of the ongoing commodity supercycle are metals, which he has compared to oil in the 2000s thanks mainly to green capex. Currie says the ESG and clean energy transition is massive, with nearly all of the world’s nations pursuing clean energy goals at the same time, making copper […]