Hedgehogtrader has made another brilliant trading call on the Copper price movement. With US Dollar sliding few last weeks from Double Top Reversal we can expect supply and demand picture to push Copper higher. Elon Musk's vision for Tesla Energy and Solar Power will require a lot of this "green metal".
Video - Elon Musk Presentation Of Tesla Lithium Energy Storage: PowerWall and PowerPack With "Infinite Scalability".
Commodities And AIIB: A World In Change Shanghai Cooperation Organization.
Copper, Lithium And REE: SunPower And Apple Are Teaming Up To Build Solar Projects In China.
Apple is moving fast into Solar space now and brings attention to the rapid growth in Solar Power installations all around the world. China is particularly important market with its huge air pollution problem. This is where the clean electricity will come from to charge electric cars. With Tesla Gigafactory coming announcement for the home lithium battery to integrate solar installations, this huge segment of growth for the lithium technology will gain further traction.
As we have discussed before, Solar Power will be the catalyst for strategic green energy metals: Copper, Lithium and REE. Backed by Warren Buffet China's BYD is another contender to capitalise on the growth in utility storage. International Lithium strategic partner Ganfeng Lithium is taking its part in this growing sector as well with the investment in Boston Power and supplies Lithium materials to the major players in battery industry.
International Lithium Corp. Commences Drilling at Avalonia Lithium Pegmatite Project, Ireland.
REE: Molycorp Jumps On Contract to Supply Rare Earths for Siemens Wind Turbine Generators.
Molycorp will supply Shin-Etsu Chemical with REE, which will produce REE magnets for Siemens. Like in International Lithium case with Ganfeng Lithium - security of supply for strategic materials is taking the centre stage for advance of the green technology.
Copper's Bright New Age: Solar Electricity Utility Scale And Electric Cars.
"Investment growth in solar electricity is dramatic, and along with wind it will dominate the worldwide energy scene within a few decades. Copper demand will increase because of the growing use of solar electricity. Solar power is among the quickest to build, creates jobs, community benefits, new tax revenue for small towns. Air conditioning and peak energy demands align with when the sun is shining. The USA, China and Germany are aggressively adding solar power. Copper is either the only choice or the quality technology choice for solar parks due to its conductivity, durability, malleability and so on."
Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future.
Disclosure: The author is long TRRXF, ILHMF, MUX.