Tag: china buying copper

9
Jul

As China Stockpiles Copper Supplies – Who are America’s Copper Allies?

Copper is one of the most widely used industrial metals in the world because of its high ductility, malleability, thermal and electrical conductivity and resistance to corrosion.
And, if you’ve read The Diary before, you know we are very bullish on copper. Not only is it critical to the EV revolution, it’s also critical to other green energy infrastructure such as wind turbines and solar panels. Copper is also needed to build many of the infrastructure that is necessary to support a healthy economy, such as homes, power grids, plumbing systems, and broadband networks.
The reason we’re so bullish on copper is because, coupled with rising global demand, copper is in considerably short supply – especially in the wake of the pandemic, which saw many mining operations shut down and investment into new projects dry up.