FREEPORT-MCMORAN INC.
Commented by André Will-Laudien on February 11th, 2021 | 12:32 CET
Kodiak Copper, Freeport-McMoRan, Millennial Lithium: The copper rally continues!
The whole world revolves around e-mobility, alternatively hydrogen, and everything is to be paid with cryptocurrencies in the future. That is the stock market at the turn of the year in one sentence. Wherever these topics are mentioned, prices go through the roof. Elon Musk can even turn bad Tesla numbers into a price increase with appropriate music, and tweeting the latest findings makes some people a few million heavier overnight. The copper market is a key control variable for technological developments in drives and storage media. We can't get around this commodity in the real world because it is in very short supply on the planet. So it shouldn't be surprising if the hype here goes on and on.
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