Technology oftentimes represents one of the most promising fields for investment. As the world continues to progress it can be difficult to discern between the latest advances in technology and new fads. One area in particular that does seem to be promising are electric vehicles. The rising trend for electric vehicles to become more and more dominant in the automobile industry has some serious implications for the commodities markets. The wise investor would take heed to look at the trends that this will set in motion in order to set aside money to make some serious profits. Read this article at Seeking Alpha.
Matt Badiali has worked for Banyan Hill Publishing Company as their leading natural resources and commodities expert for a number of years. He is the publisher of one of the most popular newsletters that the company produces Real Wealth Strategist where he advises his readers on potential investment opportunities in the natural resources and commodities markets. Matt Badiali holds a Master’s degree in geology from Florida Atlantic University and has training as a career scientist. This has given him a unique perspective on the natural resources and commodities markets that few other individuals of the finance industry can claim to possess. Read this article at Banyan Hill.
He has recently written on the trends in the electric vehicle market and the potential implications that has in the commodities markets particularly on the price of some metals such as copper. Matt Badiali believes that the price of copper could increase by over 45% from its current price after rising more than 50% in just the past year. This is due to recent conversations that he has had with some of the largest copper mining companies in the world where he learned that the supply and demand for the precious material is becoming more and more out of balance.
The biggest reason for the growing demand in copper is due to the growth in the electronics industry. One of the hugest growing markets within the electronics industry is that of electric vehicles. For each electric vehicle that is produced, there is typically over 150 pounds of copper within the vehicle. In many cases, just the batteries alone contain over 80 pounds of copper. The combination of low levels of supply and rising demand for copper represents an interesting opportunity for the investor who wishes to diversify their portfolios to include this precious metal. Matt Badiali believes that the price will only continue to rise and possibly even boom.