Copper – not lithium – is emerging as the key to the transition to green energy. For instance, up to 10 TIMES more copper is needed to build one new electric vehicle (EV) than a gas-powered one.
And with 100 million EVs predicted to hit the streets by 2025 – up from 10 million in 2020 -- copper is facing critical shortages.
Yet China is gobbling up 54% of the world's copper.
The U.S and Canada lag far behind at 9% combined.
The bottom line is: China dominates as a copper consumer – gobbling up copper mines in Africa, Latin America, the Caribbean, South America, and Europe. Forbes calls China "the 800-pound gorilla" when it comes to copper grabs.
But strangely, China – for now – is ignoring one copper-rich area.
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