RE: Copper5 Dec 2017 23:03
looks like copper is still a wanted commodity
As leading carmakers aim to electrify their models and Tesla’s Model 3 rolls off the production line, investors are looking to increase their exposure to copper, betting that the advent of battery-powered vehicles will boost prices and demand for the metal.
But rather than just buy shares in big miners, where copper is often part of a wider portfolio of commodities, they are also backing small companies who offer more leverage to the copper price, albeit with much higher risks.
Their interest has already led to big share price gains for companies that are searching for deposits in new and challenging locations.
ft