WHAT’S HAPPENING WITH COPPER AND RENEWABLE ENERGY?

As promised, this week we’re talking about copper: From discovery to mining; its potential future; and what I think about all of it, so let’s GO!

We can’t really talk copper without including renewable energy. According to the Climate Change section of the United Nations website (un dot org), renewable energy is “energy derived from natural sources that are replenished at a higher rate than they are consumed. Sunlight and wind, for example, are such sources that are constantly being replenished.”

When it comes to renewable energy, metals go into solar, wind, infrastructure, batteries (cobalt, copper, lithium), and hybrid vehicles just to name a few. The last 25 years of the USA’s production of copper has dropped by half, yet I’m expecting the demand for copper to double in the next 10 years or so. Why am I expecting it to double? Because of the demand for copper in renewable energy.

There’s a huge problem with this because from the time copper is discovered, to the production of a copper mine is a process that takes anywhere from 16-25 years, according to the World Bank! And the University of Arizona says this about the mining of copper: “The extraction stage can take from 5-30 years to complete, although many mines have been open for more than 100 years, and may cost anywhere from a few million dollars to hundreds of millions of dollars a year depending on the size of the mine and its location.”

Anywhere from 5-30 years to extract copper? And we’re going to need those metals if we’re heading towards renewable energy (and we are). Does anyone else see the potential here for metals/copper? I mean …. traditional sources of energy will still remain important as I don’t see us bridging the gap to renewable energy in the next decade or so. We’re going to still need oil, natural gas, and even coal - even though coal use has declined so much so that the US power sector has already met its target for the year 2030. 👀😳 Welp! That’s an eye-opener, lol!

All of this tells me that inflation in metals and maybe oil prices too, will continue to aggravate the inflation issues we already have in the US. But I looked at the S&P500 reports for last year and saw that the energy sector rose more than any other sector. Hmmmm …. something is on the move! I believe that this year we could see growth in the information technology sector as well as the health sector, but we’ll have to wait until year’s end to see how that turns out!😜

Even though the pathway to renewable energy and our need for copper isn’t right around the corner or across the street, I’ve still got my eye on copper/metals. Today’s copper price is at $4.02 per pound. What say ye? Copper is a low-risk investment that should yield excellent value for investors. But as with everything PRAY 🙏🏿 before you jump in!

Growth never comes from comfort zones so if you want that next-level life place yourself in uncomfortable places and begin to stretch! Stretccccch!🙏🏿😊 And I’ll meet you here next Friday - have an extremely productive money-making week! 🤑🤑🤑🤑

Information on the USA’s coal decline is courtesy: https://cfpub.epa.gov/ghgdata/inventoryexplorer/#electricitygeneration/entiresector/allgas/category/all

Copyright ©2023 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™. The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post. THE OPINIONS EXPRESSED HERE ARE NOT SHARED AS INVESTMENT ADVICE - THEY ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY!