Sustainable Electrification of Major Industries Thrusts Copper into the Spotlight
NEW YORK, June 28, 2023 /PRNewswire/ -- Copper is one of the most versatile and widely-used metals in the world as well as a widely-traded asset in the major commodities market. The metal is often utilized in the construction of structures, solar energy transmission, and high-speed data transmission lines due to its high electrical and thermal conductivity. It is also commonly utilized to build cables and pipelines due to its malleable and soft physical properties in soft state. Geographically, copper producers with the largest volume by country include Chile, Peru and China. Among them, Chile is responsible for more than double the output of the next biggest producer, Peru, with the former producing 5.6 million metric tons in 2021 compared to Peru's 2.2 million. Vortex Metals Inc. (OTC: VMSSF) (TSX-V: VMS), Hudbay Minerals Inc. (NYSE: HBM) (TSX: HBM), Freeport-McMoRan Inc. (NYSE: FCX), Lundin Mining Corporation (TSX: LUN), Teck Resources Limited (NYSE: TECK) (TSX: TECK)
- Geographically, copper producers with the largest volume by country include Chile, Peru and China.
- Yet, EVs can contain more than a mile of copper wiring inside the stator to convert electric energy into mechanical energy.
- Chile is the largest copper producer in the world, accounting for approximately 28% of global copper production.
- The initial controlling interest increases our exposure to what we believe is a growing top-tier copper mining district.