AET demand for copper will push prices higher

Alternate energy transition will spur copper higher. Goldman Sachs gives a price target of $6.5/lb by 2025.

Confirmed by Katusa.

While copper mine supply growth is diminishing.

Copper supply and demand point to a deficit from 2025.

And copper stock levels are very low due to shortages.

For example, in Belgium, by 2026, every company car will be electric. That's 60% of all the cars in Belgium.

To bet on the rise of copper, you can buy the highest cost copper mines. For example Capstone Mining which has a C1 cash cost of $1.7/pound.

 

Capstone Mining has the only permitted greenfield project in Chile and there are not a lot of them.