Last November, President Biden signed the largest infrastructure spending bill ever.
A gigantic US$226 billion is to be spent on projects that will result in a huge demand for copper. Copper is the raw material for the green revolution and clean, emission-free energy is being pushed. For Joe Biden to deliver on his promise of a clean energy future, vast amounts of copper will have to be produced. Even a single electric vehicle already requires large quantities of the reddish metal, four to ten times as much as a conventional vehicle, or about 183 pounds compared to 18 to 49 pounds of copper. The U.S. president plans for the entire federal vehicle fleet, 645,000 in number, to switch to electric vehicles by 2035.
For example, many major automakers plan to launch only electric vehicles by 2035. There are currently about 1,300 electric transit buses in the U.S., which is currently two percent, with the remaining 98 percent to follow. One bus uses about 814 pounds of copper in production. And copper is needed in virtually all phases of infrastructure, such as distribution, consumption, transportation, generation. The metal is also ideal for underground power lines. This is made possible by copper's inherent capabilities such as durability, reliability, safety and excellent conductivity. The solar and wind energy industries are also taking advantage of this. If you want to bet on copper and a clean and safe energy future, you can familiarize yourself with companies that have copper in their projects.
There's Copper Mountain Mining - https://www.youtube.com/watch?v=qpeVR-vSzas -, with its 75 percent stake in the producing Copper Mountain Mine in British Columbia. In addition, the company owns a copper project in Australia and a land package in the Mount Isa area.
In Chile, Torq Resources - https://www.youtube.com/watch?v=934MixLRGB4 - is looking after copper supplies at its Andrea, Margarita and Santa Cecilia projects. The company is constantly on the lookout for further projects.
Current corporate information and press releases from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -) and Copper Mountain Mining (- https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/ -).
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