Best Research Ideas
Sustainability Matters – Metals & Mining: Is There Enough Copper for the Green Wave?
A remarkable increment to demand for copper will come from the build of Offshore Wind and Electric Vehicles, leaving the commodity wired for higher prices. Jefferies’ analysis indicates 20% deficits by 2030 with no short-term way to increase supply. As the substitutability of copper is low, price will have to do the work. The way to play this theme is via Glencore, Antofagasta, Freeport McMoRan and First Quantum. The analysis adds to the firm’s body of research on Offshore Wind developers and contractors with a guide to which way the wind is blowing.
— Chris LaFemina, Equity Research, Metals & Mining