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“Three Commodities Set To Boom As The Global Economy Recovers”
1.Oil 2.Copper 3.Lithium
#2. Copper
Similarly, Danielle Shay has picked copper as the other commodity that can perform well in a reopening economy and also act as a good hedge against inflation.
The price of copper has doubled in the past year to over $9,000 a metric ton for the first time in nine years driven by tight supply and strong demand for the industrial metal.
Copper is moving closer to an all-time high set in 2011 as investors continue to bet that supply tightness will increase as the world recovers from the pandemic. Spencer Barnes, associate vice-president of mutual fund and ETF strategy at Raymond James Ltd, says that thesis is mostly sound since copper is cyclical and driven by market expansion, and should see a surge in demand given the massive push to reopen the economy and the fiscal stimulus that could spur consumption.
Further fueling the rally is an anticipated ‘green’ shift in the post-COVID economy, which supports higher demand for copper and other base metals since EVs use about 4x more copper than gasoline-powered vehicles.
The International Copper Association estimates that the rapid rise of EVs will raise copper demand in EVs from 185,000 tonnes in 2017 to 1.74 million tonnes by 2027.
Sam, good fundamental must couple with good management to utilise the good opportunity, otherwise won't work. The counter will remain at a penny stock..
Lit li, when she buy 20-22 jag fly to 30, when she buy 32 jag fly to 40, now she buy 35-38(May be) so how far we can fly ya? Hehe
Can help us stand above 40 bo?
Those guys full of confidence that this rubbish counter will proceed to last few years ago height sure kena trapped together with those green horns just lured into this counter....lol.
But ....the traps might be a short period only.
