This is not a “tech” play, no, this is the actual raw material used to make EVs, AI Data centres and even solar farms operate - Copper. The news has been a buzz for quite some time now, and we all knew that copper is going to be in high demand in the future. But we did not know, was when the rotation in these stocks was going to intensify.
If you take a look at the chart below, we can:
We Can deduce from the chart above that the stock is ready to beak all time highs and run to the upside.
Important to note that mining companies are benefitting from newer technology that allows them to revist old sites that have been mined, and extract more value. Which means supply will be tight, but mines can still produce enough to benefit from increase in commodity prices.
Overall this stock is a no-brainer. Almost everything that is related to future tech and energy needs copper for its physical hardware.
Below are Key Stats for the company:
