The whole world is going towards electric. Especially transportation and energy which are the biggest sectors. As of today pure electric car use about 130 pounds of copper which is equivalent to $390 at $3 a pound. Even if copper goes to $9 a pound it doesn't mean that they will stop making cars. If you pay attention to these sectors carefully you will come to realize that inflation is on United States doorstep. Just a matter of time before it starts knocking. The whole west is going to have to pay much more for these things going forward in the future. Meaning higher prices for base metals.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.