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SVTPerformance's Chain of Restaurants
Road Side Pub
There's no firm timeline, but Ford is 'working toward' selling only EVs in the U.S.
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<blockquote data-quote="Weather Man" data-source="post: 16626088" data-attributes="member: 137766"><p>Millions and millions of new electric motors, all the wire to double the grid to support EV's...</p><p></p><p>Lets put aluminum wiring back in houses!</p><p></p><p><a href="https://seekingalpha.com/news/3701068-freeport-ceo-sees-copper-scarcity-outweighing-chinese-threats" target="_blank">Freeport CEO sees copper scarcity outweighing Chinese threats</a></p><ul> <li data-xf-list-type="ul"><a href="https://www.bnnbloomberg.ca/freeport-s-adkerson-sees-copper-scarcity-trumping-cooling-effort-1.1609463" target="_blank">The copper market is supported</a> by few new discoveries at a time of rising demand that will only increase with decarbonization efforts, Freeport McMoRan (NYSE:<a href="https://seekingalpha.com/symbol/FCX" target="_blank">FCX</a>) CEO Richard Adkerson tells Bloomberg.</li> <li data-xf-list-type="ul">"There's no shale oil for copper," Adkerson says. "Unlike the oil industry, where you have an ongoing flow of discoveries and now with a new element of shale coming in, copper mines of size are very rare to find."</li> <li data-xf-list-type="ul">Government and market actions can affect prices in the short term, but copper is a very long-term business and is "extraordinarily strong," the CEO says.</li> <li data-xf-list-type="ul"><span style="color: #ff0000">At the same time, copper faces a supply scarcity that will require both substitution and increased recycling, Adkerson says, adding that even if prices were to double tomorrow, Freeport would be unable to bring on new supply within five years.</span></li> <li data-xf-list-type="ul">Comex July copper (<a href="https://seekingalpha.com/symbol/HG1:COM" target="_blank">HG1:COM</a>) settled +3% today at $4.677/lb. ($10,310/ton), ~2.5% off record highs.</li> <li data-xf-list-type="ul">Copper had been drifting lower on Chinese threats to restrain commodity prices, but their <a href="https://www.mining.com/copper-price-tops-10000-a-tonne-again-on-chile-strike/" target="_blank">effect has faded in favor of strong supply and demand fundamentals</a>, Saxo Bank's Ole Hansen says.</li> <li data-xf-list-type="ul">Goldman Sachs has <a href="https://seekingalpha.com/news/3699598-copper-resumes-gains-even-as-china-battles-against-commodity-price-surge" target="_blank">predicted copper prices would hit $15K/ton by 2025</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16626088, member: 137766"] Millions and millions of new electric motors, all the wire to double the grid to support EV's... Lets put aluminum wiring back in houses! [URL='https://seekingalpha.com/news/3701068-freeport-ceo-sees-copper-scarcity-outweighing-chinese-threats']Freeport CEO sees copper scarcity outweighing Chinese threats[/URL] [LIST] [*][URL='https://www.bnnbloomberg.ca/freeport-s-adkerson-sees-copper-scarcity-trumping-cooling-effort-1.1609463']The copper market is supported[/URL] by few new discoveries at a time of rising demand that will only increase with decarbonization efforts, Freeport McMoRan (NYSE:[URL='https://seekingalpha.com/symbol/FCX']FCX[/URL]) CEO Richard Adkerson tells Bloomberg. [*]"There's no shale oil for copper," Adkerson says. "Unlike the oil industry, where you have an ongoing flow of discoveries and now with a new element of shale coming in, copper mines of size are very rare to find." [*]Government and market actions can affect prices in the short term, but copper is a very long-term business and is "extraordinarily strong," the CEO says. [*][color=#ff0000]At the same time, copper faces a supply scarcity that will require both substitution and increased recycling, Adkerson says, adding that even if prices were to double tomorrow, Freeport would be unable to bring on new supply within five years.[/color] [*]Comex July copper ([URL='https://seekingalpha.com/symbol/HG1:COM']HG1:COM[/URL]) settled +3% today at $4.677/lb. ($10,310/ton), ~2.5% off record highs. [*]Copper had been drifting lower on Chinese threats to restrain commodity prices, but their [URL='https://www.mining.com/copper-price-tops-10000-a-tonne-again-on-chile-strike/']effect has faded in favor of strong supply and demand fundamentals[/URL], Saxo Bank's Ole Hansen says. [*]Goldman Sachs has [URL='https://seekingalpha.com/news/3699598-copper-resumes-gains-even-as-china-battles-against-commodity-price-surge']predicted copper prices would hit $15K/ton by 2025[/URL]. [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
There's no firm timeline, but Ford is 'working toward' selling only EVs in the U.S.
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