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I like this news . If everything works well perhaps Rio Tinto might try to take control of our lease.
Yea last few weeks more shares sitting on the bid and wee bit of green starting to show.
By 2035, demand for lithium, nickel and cobalt is expected to be 23 times higher than in 2021, with copper demand doubling over the same period, a study by US ratings agency S&P showed last August. https://www.northernminer.com/news/patriot-battery-metals-aims-to-fast-track-corvette-lithium-production/1003864329/
I use the ceo.ca stock board also. They have private chats there.
You got that right
Do you have an E-mail addy you could share ?
Yes it sure seems to be that way to me. Sunrise would have to build plant here in the states then they could get US grant money for construction of refinery is what Sunrise would care about IMO. The US is still working on details of the plans so until then we have no idea of how this may pan out at this time... "Australian mining companies could also seek to partner in processing projects in the US" "which are expected by the end of the year" Maybe Sunrise will find out what it would need to hear about by EOY also.
Yes very interesting news . Fingers crossed.
Some large blocks
09:45:53 T 0.195 196,500 124 Questrade 1 Anonymous K
09:45:53 T 0.195 3,500 124 Questrade 1 Anonymous K
09:44:14 T 0.195 1,000 124 Questrade 1 Anonymous K
09:44:14 D 0.195 1,000 1 Anonymous 57 Interactive K
09:44:14 T 0.195 5,500 124 Questrade 1 Anonymous K
09:44:14 T 0.195 192,500 124 Questrade 1 Anonymous K
@Garbage @HRA-Coffin Did Tom say "they're perfect" in regards to these intercepts at around 22:25 in your interview? Just curious if I'm hearing that right. Just a breadcrumb but I feel like this is about as excited as Tom gets, lol
No idea what is time table for coming soon. https://wellstimulationreport.com/reports
I'm getting a feeling shorts are thinking this new process will work and SP would rocket up on them.
1.50
0.14
(10.29%)
At Close
13/07 (AEST)
2,000 Tons Per Gigawatt For Wind, Meets 5,000 Tons Per Gigawatt For Solar
The EV market is now in a tussle with the wind- and solar-power sectors competing for copper’s diminishing supply.
As a rule of thumb, wind energy requires on average 2,000 tons of copper per gigawatt of capacity, while solar needs about 5,000 tons per gigawatt — several times higher than fossil fuels and nuclear energy. The increased momentum is laid out in a new report from S&P Global Market Intelligence.
Across the globe, the S&P Global expects as much as 44 gigawatts of utility-scale solar, and 27 gigawatts of wind to come online this year.21
While 220,000 metric tons of copper for solar and 54,000 metric tons for wind power are impressive, the number represent a huge supply shortage.
You see, the copper demand for solar was slashed 56% from an expected 90 gigawatts of new utility-scale solar.22
The reason for the drop in projected solar capacity is simple – not enough copper supply to meet demand.
In the end, when looking down the road three years to 2025, the analysts at S&P Global Market Intelligence made a forecast that split the difference between aggressive and conservative.
Their modest forecast is that between EVs’ need for 1.84 metric tons of new copper supply, and with wind/solar is due to add 929,000 metric ton supply demand, the world will soon need a nearly 3 million metric tons of new copper supply.
That’s a 15% jump in demand from today’s 20 million metric tons of copper mined worldwide.
25 Billion Pounds Worth Of New Demand
Like lithium, copper is key for building the new fleet of electric vehicles.
Today, the average EV holds about 200 pounds of copper. That’s 60% more than the content in an average internal combustion powered vehicle.16 Right now there are 5.6 million EVs on the road worldwide, but that’s a drop in the bucket compared to the future.17
There could be between 125 and 220 million EVs on the road across the globe by 2030 because of rising ambitions to meet climate goals and sustainability targets, according to a report released by the International Energy Agency.18
The math is simple, 125 million EV’s will require about 25 billion pounds of copper, which is about 12 million metric tons.
Broken down to a more granular level, the EV market alone will likely need at least an additional 1.84 metric tons a year.19
And not only do EVs require more copper, but their chargers, both in homes and in public, will require copper, too.
Remember, that’s on top of current demand, and we’re not yet factoring in wind and solar energy yet. Or the fact that copper is a key component of the global 5G buildout. Even though 5G is wireless, its deployment involves a lot more fiber and copper cable to connect equipment located within a building.
Moreover, copper output is dropping, and so are copper grades.
Richard Adkerson, CEO of Freeport McMoran, the world’s biggest publicly traded copper miner explained the copper crisis this way,
“There’s no shale oil for copper,” he told Bloomberg Television. “Unlike the oil industry, where you have an ongoing flow of discoveries… copper mines of size are very rare to find.”20
Adkerson said if prices were to double tomorrow, Freeport would be unable to bring on new supply within five years.
Copper’s Big Moment Has Arrived
The global shift that’s abandoning fossil fuels for electric, solar, and wind power appears to have decades to run, as infrastructure plans continue to unfold.
A who’s who of analysts agree that the energy revolution is barreling down the track into historic copper shortages.
Goldman Sachs’ world-famous copper analytics team forecast that copper would reach $5.40 a pound or $11,875 a metric ton.11 They went even farther with their long-term forecast. It set the price of copper at $6.80 a pound, or $15,000 a metric ton by 2025.12
Moreover, the analysts, Nicholas Snowden, Jeffrey Currie, Daniel Sharp and Mikhail Sprogis, doubled down on their forecast. They wrote that copper’s price strength is not an irrational aberration, “Rather, we view it as the first leg of a structural bull market in copper.”13
Mark Lewis, the chief sustainability strategist at BNP Paribas Asset Management, was just as bullish. He told The Guardian, “It feels like any market you look at, investors want to buy.” Lewis went on to say that the next 30 years should be copper’s “supercycle” thanks to a worldwide acceptance of clean and green energy.14
What that means for investors is that copper will continue to spike, and copper producers and explorers will rise right along with it. One thing we know for certainty – there will be plenty of opportunities in copper.