Which copper news stood out to investors the most in 2017? We run through our five most popular articles of the year in this overview.
Copper had a slow start to the year, but gained traction in the third quarter, passing the $7,000-per-tonne mark in September.
Since then, the red metal has come down to around $6,500, although analysts are cautiously optimistic about its prospects in 2018. Why do they think that? We can glean some insight from the most-read articles we published on copper this year.
Here, the Investing News Network has gathered the most popular copper news stories of 2017. Read on to learn what articles and topics excited our audience the most during the year — overall investors appear highly interested in the metal’s future.
At the Sprott Natural Resource Symposium this past summer, mining magnate Robert Friedland said he sees the copper price continuing to outperform the gold price as the world’s populations grows and goes “green.” How is green technology driving up copper prices? Friedland explains.
In this January video interview, Frank Holmes of US Global Investors talks about the seasonal nature of gold and why he’s bullish about copper. Holmes also mentions how demand for electric vehicles will lead to a greater need for wiring and as a result an increase in value for copper.
What are his stock picks moving forward? Holmes also shares those in the interview. Watch the video below for more details on what he had to say:
Could copper demand really increase nine-fold in the next decade? Third on our list of top copper news stories is this article on a study prepared for the International Copper Association.
It goes into the hard data on demand for electric vehicles, and suggests that 27 million hybrid vehicles could be in use by 2027. If that happens, demand for copper will increase dramatically. Check out the article to see the figures.
Copper’s positive price performance in Q3 had many investors asking, “will the good times keep rolling?” In this copper news article, we asked experts their outlook for the red metal. Dan Smith, head of commodities research at Oxford Economics, dug into the factors affecting prices.
Smith touched on Chinese copper demand, market saturation, economic recessions and of course electric vehicles. However, Smith went against the grain from the general opinion on electric cars. Many believe that electric cars will increase demand for copper, but Smith sees a few kinks along the way. What’s behind his reasoning? Read the article to find out.
Our final top copper news story of the year covers Ivan Glasenberg’s predictions for copper’s future. Glasenberg, who runs major miner Glencore (LSE:GLEN), believes demand for electric vehicles will impact copper in the near future. The CEO expects the electric vehicle revolution to come very rapidly, perhaps faster than people expect. See who agrees with Glasenberg by reading the rest of the article.
What do you think will happen to copper next? Will the red metal see a rapid price increase alongside a fast-growing electric vehicle industry? Or will the market lull as we wait for infrastructure to catch up? Let us know your opinion in the comments below.
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Securities Disclosure: I, Amanda Kay, currently hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.