MacroVoices #373 Ole Hansen: Commodities Update
Macro Voices
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The Future of Copper Mining
There's just not enough copper that can be mined out of Earth's crust in a timely fashion to meet the need for electric vehicles. The cost of production will remain high and prices simply need to be at levels that makes it worthwhile for these mining companies to take the big decisions, says John Defterios. If your own mining stocks by all means hang on to them and expect there's going to be some volatility,. But I think in the short-term, copper has been frustrating a lot of investors because these are all known nodes," he adds.
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