As Copper Demand Continues Growing, Here's A Company To Check Out Immediately (3 Key Potential Catalysts)
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In case you've been living under a rock, the green revolution is upon us.
Over the next several years, the United States desires to reduce emissions by over 50%.(1) Even Europe wants to drop CO2 emissions by up to 50%+ by the end of the decade.(2)
To help this happen, countries around the world are pushing for millions of electric vehicles (EVs).
Major automakers are in the process of creating immense fleets of EVs. General Motors (GM) previously announced it’ll boost global spending on EVs to $435Bn through 2025.(3) Ford Motor Company even announced its sales of EVs expanded 117% in June of 2021, capping off a new first-half sales record on sales of 56,570 vehicles.(4)
But, here's the very unfortunate problem.
We don't have the copper supply to meet this ever-growing demand.
For this reason, I've been tracking companies with copper mining backgrounds in the hopes of finding one flying under Wall Street's radar.
And guess what... I may have found just the one.
At 4:00PM EST today, you receive the complete report.
To give you an idea of what's to come, here's a short list of potential catalysts that could fuel this profile to a possible breakout near term.
New Profile - 3 Potential Catalysts That Could Provide Breakout Fuel
#1. As of 12:00PM EST Thursday, this profile was trading above several lines of potential support. A few of these include its:
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
- 20-Day Simple Moving Average (SMA)
- 50-Day SMA
If potential support is starting to build at these levels, it could help to spark a vertical move for this profile on its chart.
#2. Copper prices have been surging. Just take a look at the copper spot price chart over the past year: