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Gold/Mining/Energy : 2016 Stock Picking Contest -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (101)	12/27/2015 6:19:06 PM
From: dara	Respond to of 493

Thanks for participating. Definitely good to keep up this tradition!

To: marcos who wrote (101)	12/27/2015 11:18:45 PM
From: teevee	Read Replies (1) \| Respond to of 493

marcos, copper could be a sleeper and surprise everyone. Cars use an average of 55 lbs each. Electric and hybrid cars use an average of double that. Ford says that 40% of their cars will be electric by 2020!!! If all the other auto manufacturers are following a similar path, it adds up to a lot of copper consumption. (40%)(85,000,000autos/year)(55lbs/auto)=1.87 billion pounds (935K tonnes) extra/year..... annual copper consumption=21,957K tonnes.... 935K tonnes/21,957K tonnes = 4.25% increase in consumption. If the marginal pounds of copper set the price, then copper could have a good bounce upwards......