EXCLUSIVE: Green Transition Will Drive Copper, Uranium And Lithium Higher, Says Veteran Commodity Analyst
Portfolio Pulse from Neil Dennis
Patricia Mohr, a commodities expert, predicts a surge in prices for copper, uranium, and lithium due to the green energy transition. Copper and uranium are seen as critical for decarbonization and clean energy, respectively, with copper facing operational challenges and uranium prices already on the rise. Lithium prices have fallen but are expected to recover as electric vehicle demand increases. The United States Copper Index Fund (CPER), Global X Copper Miners ETF (COPX), and Global X Uranium ETF (URA) are highlighted as related investment assets.
March 24, 2024 | 5:02 pm
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POSITIVE IMPACT
Global X Copper Miners ETF (COPX) is up 8.8% in 2024, benefiting from the anticipated increase in copper demand.
COPX's performance is bolstered by the projected rise in copper prices due to its essential role in green energy, suggesting strong future gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
The United States Copper Index Fund (CPER) is up nearly 5% in 2024, indicating positive momentum for copper investments.
CPER's performance is directly tied to copper prices, which are expected to rise due to demand for green energy infrastructure, making it a potentially profitable investment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Global X Uranium ETF (URA) remains flat in 2024, but with growing interest in nuclear energy, it may see future gains.
Despite a flat performance in 2024, URA could benefit from the increasing global shift towards nuclear energy as a clean power source, indicating a positive outlook.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70