Copper plays a major role in our lives. Without copper wires, most of our homes would be dark at night. Those wires carry electricity to our many household lights and appliances. But it goes even further than that. Without copper, electric utilities wouldn't even be able to generate power. As a result of its widespread use, copper has become an important economic indicator. When the economy is doing well, the demand for and price of copper go up. And when times are tough, copper demand and prices go down. Put simply, advancing humanity means increasing our use of copper. So it stands to reason that any smart investor should add copper to their portfolio. I'll give you some suggestions in a moment. But first, let's take a closer look at the essential element. Copper-Intensive IndustriesCopper is an element with many useful properties. Most of us already know that it's a very good conductor of heat and electricity. It's also extremely good at resisting corrosion. The power industry uses millions of pounds of it every year. It can be found in most electric motors, which are essential to today's manufacturing processes and industrial machinery. Additionally, important sectors, such as clean transportation and clean energy, are hugely copper-intensive. For instance, today's internal combustion engine cars have anywhere from 18 to 49 pounds of copper. But electric vehicles contain up to 183 pounds of it. And wind turbines are also big users of copper. Wind farms can be found all over the Midwest, and they will soon be expanding to the Atlantic Ocean. Over the next eight years, new wind capacity is expected to consume more than 5.5 million tons of copper. |
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