The True Precious Metal Is Copper

In the age of electrification, copper wins, this according to Gianni Kovacevic, Executive Chairman of CopperBank.
“Today, 80% of the energy mix is fossil fuels, 20% is electricity. But in the future, all ends up in electricity. The current 20%, it took 120 years to get there. We’re going to accelerate…what’s going to make that possible? It’s not gold, it’s copper,” Kovacevic told Kitco News on the sidelines of the International Mining Investment Conference in Vancouver.
Speaking on the potential death of platinum group metals due to the absolution of catalytic converters from electric cars, Kovacevic said that copper won’t share the same fate.
“When you electrify a car, there is no longer a tailpipe. You have three or four times more copper in that car,” he said.
Kovacevic said that a good way to invest in copper is through companies with optionality; projects with a lot of money spent on them, in safe jurisdictions, and have the plausibility to go into production.
(show less)

In the age of electrification, copper wins, this according to Gianni Kovacevic, Executive Chairman of CopperBank.
“Today, 80% of the energy mix is fossil fuels, 20% is electricity. But in the future, all ends up in electricity. The current 20%, it took 120 years to get there. We’re going to accelerate…what’s going to make that possible? It’s not gold, it’s copper,” Kovacevic told Kitco News on the sidelines of the International Mining Investment Conference in ... (read more)

IMIC 2018

IMIC 2018
We have wasted no time in gathering the most invested minds from all over the world to share ideas and strategies on making money in the next junior mining bull market.

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.