Copper and the clean energy transition

As this sort after commodity currently sits at two year highs, we believe Copper has the capacity to become the new “Oil” due to it’s fundamental importance in technology and the mass transition to cleaner energy solutions.

Mines struggle to meet capacity as the demand for EV’s continues to grow globally. Another concerning hindrance for Copper, is the lack of infrastructure in the mining industry currently or investment into new operations. Along with the loss of output from one of the worlds largest copper mining operations in Panama as global protests continue towards decarbonization. Without Copper, the world faces an enormous struggle to make this clean energy transition.

As of April 2024, Copper is hovering around and above $10,000 a metric ton. The supply chain, at least for now, continues to tighten. We strongly believe we’re in the throws of a multi year bull market for Copper.