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Thursday, October 12, 2023 10:34:20 AM
Still, Goldman Sachs Group Inc. analysts warned earlier this year that moves by automakers into the mining space may end badly, saying they’d be better off sticking to their core competencies and reducing their exposure to commodity price swings through hedging.
Sure they do! Goldman doesnt want large investment “groups” interfering with their manipulation scheme of commodities. Lol Goldman downplayed gold while they were stockpiling and then raised their forecast after they were done accumulating. Greed is so evil, for them its hard to see the fires of hell boiling the water when your in the pot.
If Stellantis paves the way, we should start seeing other big Automakers (Tesla?) do the same thing otherwise they may not be able to secure copper in the future. Just think of the national grid that has to be upgraded and how much copper that will take competing for copper reserves.
I see a quick upwards price movement, even with world conflicts raging.
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