Top Ways to Trade Massive Demand for Copper

Copper demand is only expected to rise.

For one, “More than 700 million mt of copper will need to be mined in the next 22 years to maintain 3.5% GDP growth, without taking into account the electrification of the global economy, which is the same volume of copper ever mined, Ivanhoe Mines Founder & Co-Chair Robert Friedland,” as noted by S&P Global.

In addition, the world could run into a 9 million mt copper deficit by 2030, as noted by BMO Capital. All while demand increases for electric vehicles, solar and wind-power technology, and power grids. In fact, as also noted by S&P Global, “All power grids globally were unreliable, with huge investment needed to upgrade aging grids — in the US alone, he said investment of about $208 billion was needed by 2029 and around $338 billion by 2039.”

All could drive significant interest to companies, such as CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF), Freeport-McMoRan (NYSE: FCX), Southern Copper Corporation (NYSE: SCCO), Teck Resources Ltd. (NYSE: TECK), and Turquoise Hill Resources (NYSE: TRQ).