INVESTORS IN COPPER! REJOICE!
One of my personal sources of satisfaction is that I have invested in a small way as a retail investor in the MNC Vedanta Limited, which deals in copper!
Vedanta shares are set to grow in price and value over the next few years.
Vide a recent Reuters report, copper demand for electric cars is set to spike nine fold–from 1,85000 tons today to >18 lakh tons (1.85 million tons) annually on a global scale by 2027!
Electric cars and vehicles are growing from 3 million today to 27 million by as early as 2020, a foreseeable future date in our own lives!
At the moment this rat race for going electric is being led by China, the US, Japan, Canada, Norway, Britain, France, the Netherlands, Sweden and Germany.
India is also not behind those developed countries that are giving Arab gasoline a knockout side kick.
A trail run of electric buses has been conducted in TN in the recent past and Ashok Leyland, another firm in which in which I have part ownership through stocks, is going all electric too!
Good news certainly for Indians (We shall have zero pollution from this source) but bad news for the Arab sheikhs whose oil is going to be a commodity no longer demanded much by the automobile world!
And so dear ones, have a GREAT Day!