Copper to be a Big Winner- Kitco Interview

[Recyclersteve]

https://www.kitco.com/news/2019-01-27/- ... cevic.html

Can someone explain in plain English what the "50% of final energy" reference below means?

There is a video interview, which I couldn't get to work on my computer. Also, here is the text with the article...

If you love gold, look at copper, said CopperBank executive chairman Gianni Kovacevic, pointing to a surge in demand.

“There is a new invisible hand for commodities. And within this hinge of history, we are going go to about 50% of final energy as electrification from the current 19% and it will all happen in 30 years and it will be enabled with metals. Copper is the big winner,” Kovacevic told Kitco News on the sidelines of the Vancouver Resource Investment Conference.

Kovacevic keeps his focus on copper but says that investors don’t have to choose between copper and gold.

“When you look at the big copper-gold mines, they give us a lot of gold output,” he said. “I always tell my friends that love gold to focus on the copper. You get all the gold as a byproduct and you're going to get all that benefit. You don't necessarily have to look at primary gold deposits, which are harder and harder to find.”

Another interesting investment Kovacevic is looking at is helium — yes, party balloons, but not quite…

“People associate helium with balloons at parties. It is not the case. It's a high-tech commodity. You'll find it in MRIs, the high-tech industry, cooling for servers, and nuclear power plants,” he said.

And there is a big shortage of it around, with one of the biggest reserves located conveniently in the U.S.

“[Supply] is falling off a cliff. We haven't found a lot of new helium reserves and so it trades right now at $279 per MCF when natural gas is at $4-$5, which is a huge differentiator,” Kovacevic noted. “One of the most prolific areas is on the New Mexico-Arizona border. That's where a lot of the high grade, high-quality helium reserves have come from.”

By Anna Golubova
For Kitco News

[68Camaro]

Just guessing but I think he means that the form of energy used by the consumer will be 50% electric in the future (presuming electric vehicles becoming dominant) versus consumers burning fossil fuels directly (gasoline, diesel, natural gas), which supposes higher need for copper for electric motors and transmission lines.

[highroller4321]

Just guessing but I think he means that the form of energy used by the consumer will be 50% electric in the future (presuming electric vehicles becoming dominant) versus consumers burning fossil fuels directly (gasoline, diesel, natural gas), which supposes higher need for copper for electric motors and transmission lines.

That is how I interrupt it as well.

[Recyclersteve]

Thanks guys. And he's talking about a 30-year timeline. Not to sound morbid, but many on this site will be dead or very senile by then.

[Recyclersteve]

I guess we will realize copper is a big winner when you see someone on this site say "Copper at this company is selling for only 89 cents over spot!" When the price of copper is quoted as a spot price by the masses, bags of 5,000 pennies will really be worth something. The other thing that could happen would be to have copper's price quoted by the ounce instead of by the pound.

And then I woke up!

P.S. And Adam Youngs is drooling just thinking about this concept!

[reddirtcoins]

P.S. And Adam Youngs is drooling just thinking about this concept!

you started it!!

The first known use of drool was from a Time Traveler in 1802 called Adam.
usage:
Intransitive verb
1a : to secrete saliva in anticipation of copper prices rising
Adam sees the incline and begins to drool.

[johnbrickner]

Thanks guys. And he's talking about a 30-year timeline. Not to sound morbid, but many on this site will be dead or very senile by then.

Well said, bottom line.