Natural resource expert, Matt Badiali is ringing the bell on the purchase of Copper. With industry experts all saying demand exceeds supply, Matt Badiali, editor of the Real Wealth Strategist says the coming bull market shows all the key investment elements of a stable upward trend for copper.Since May 2017, the price of the industrial metal has risen by almost a third, and in the last two years, global copper consumption has steadily remained above supply. Two key demand drivers are the ongoing development of e-mobility and economic development, especially in China.
Electric Cars Driving Copper Demands
The proliferation of electric mobility is leading to a twofold increase in the worldwide copper demand, as pointed out by Matt Badiali. The expert geologist says by year 2030 the numbers will triple.Both in the batteries of electric vehicles, as well as their electric motors copper is used. According to the International Copper Association (ICA), tons of copper cabling may be installed in a single electric car.It is forecasted, says Matt Badiali, that the demand for electric vehicles will increase significantly in the next ten years due to better technology, the price gap with gasoline will continue to close and more charging stations will be available. According to Badiali , this increase will trigger a bigger demand for copper for electric cars and buses.
According to analysts, the global market for copper is about 24 million tons. In the future, electric vehicles may later account for six percent of global demand for copper. Currently, it’s only about one percent, but by 2029, says Badiali, there’s a good chance we’ll see about 20 million electric vehicles worldwide. And for electric buses, about 1235 pounds of copper are needed, depending on the size of the battery.For more than 20 years, Badiali has been sharing his investment expertise in natural resource opportunities. He alerts his subscribers in easy plain-talk to arising opportunities and market changes, and has the respect of industry peers.A graduate of Penn State and Florida Atlantic University, Matt Badiali is an experienced investor, and deal maker, as well as an popular editor who publishes his sought-after investment advice at Banyan Hill Publishing.