I have come across more than one site where economist are suggesting there is going to be a meltup followed by a deflationary bust. That being caused by the reasons you have shown. A frieind showed me a chart she has seen with a paid subscription to a site. sorry I cannot give a link or copy but the graph they worked out shows copper going to $5.71 during the meltup soon followed by the expected crash, and dropping to $1.21. Geez hope that is wrong our folks in Calgary could never move fast enough to take deal with that. Do you think gold miners even know how much gold we have? The copper miners don't seem to know how much copper we have. I wonder if our Calgary office is just a wax museum. Never hear of them promoting or trying to sell our deposits or anything to progress our situation like this....
Automakers are making large investments in growing their EV production capacity, with some even looking to secure copper supply. Last year, McEwen Copper, a subsidiary of McEwen Mining (TSX:MUX,NYSE:MUX), received a US$155 million investment from Stellantis (NYSE:STLA), the fourth largest carmaker in the world.
