As the COVID-19 epidemic has been ongoing over the past two years. Many countries have already started to recover of economies. Copper's demand is also fueled by its use in fast-growing industries like electric car batteries. as well as semiconductors, which are used in the production of electronic gadgets.
Image: InceptiveMind
"Copper is the new oil..." said CNBC by David Neuhauser, Founder and Managing Director of the US Risk Management Committee at Livermore Partners. Before entering the full interview, he provided. Let's get to know Livermore Partners and the owner a little better. Neuhauser began his investing career with a financier in 1995, gaining valuable experience in the capital markets before launching his own company 14 years later, in 2009.
Livermore Partners specializes in energy, industry and finance as it brings together investment professionals and places a high value on research because it is considered the heart of the competition and giving importance to customers.
Image: @LivermoreOps on Twitter
Neuhauser sees the metal being supported by the weakening dollar and adaptation to environmentally friendly infrastructure. Commodity prices rose 3% in April. This caused the global index to rise by 80% since April 2020, and commodity analysts at HSBC also highlighted the copper demand driven by investments in power generation. Including emission reduction strategies that have been further pushed by policy makers.
He also added that “Copper is Livermore's favorite product right now. And I think copper is the new oil and I think copper, for the next five to 10 years, is going to look tremendous with the potential for $20,000 per metric ton,” Neuhauser said. “We think there are some very solid small cap companies that have massive production potential, and valuations are attractive, and Livermore could make great return on investment.”
https://www.cnbc.com/2021/05/06/copper-is-the-new-oil-and-could-hit-20000-per-ton-analysts-say.html
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