Experts Say Copper Shaping Up to be the New Oil as Demand Soars

PALM BEACH, Fla., July 28, 2021 /PRNewswire/ -- Although gold, silver and lithium are metals that get most of the press, copper is viewed by experts as one of the most important battery metals. Goldman Sachs stated copper is the most critical material in the world's path toward zero emissions. Goldman Sachs has also declared copper "the new oil" expecting copper to set an all-time high in 2022. It's been reported that Goldman Sachs has argued that the critical role copper will play in achieving the Paris climate goals cannot be understated. Without serious advancements in carbon capture and storage technology in the coming years, the entire path to net zero emissions will have to come from abatement - electrification and renewable energy. The article continued: "As the most cost-effective conductive material, copper sits at the heart of capturing, storing and transporting these new sources of energy. In fact, discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen, the report said. Moving the global economy toward net zero emissions remain a core driver of the structural bull market in commodities demand, in which green metals - copper in particular - are critical."  Active stocks in the markets this week include Pampa Metals Corp. (OTCQX: PMMCF) (CSE: PM), Teck Resources Limited (NYSE: TECK) (TSX: TECK.A), First Quantum Minerals Ltd. (OTCPK: FQVLF) (TSX: FM), Capstone Mining Corp. (OTCPK: CSFFF) (TSX: CS), Lundin Mining Corporation (OTCPK: LUNMF) (TSX: LUN).