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Investment Tips: If you are also looking for an asset which can grow your money 24 hours and has the ability to give better returns than stocks and gold, then copper can fulfill this search.
New Delhi. Nowadays, everyone you see is investing in army and stocks. Some are looking for a multibagger while some are looking for a stability option. But, no one is looking at such investments which give returns even when gold is sleeping. This means that you get an asset that increases your money 24 hours a day, which can leave behind both gold and stocks. Analyst Sujoy says that someone investing in copper will not even have to look at stocks and gold. Investment made in this can give you much higher returns than both of these in the next decade.
Sujoy has said in his LinkedIn post that copper is a metal which can take your investment far in the next 5 to 10 years. But, all Indians are still sitting with their eyes closed towards this investment option. He wrote in his post, the future of the world cannot be made without copper. It is the most important metal for electric vehicles, solar panels, charging stations, power grids and data centers. Obviously this metal is needed for the economy to grow and its demand will keep increasing.
Demand is high and supply is less, meaning…
Every investor knows that when the demand for something is high and the supply is less, then its price starts increasing tremendously. The world’s largest copper mine located in Indonesia has been badly affected due to floods and it is estimated that due to this there is going to be a shortage of more than 6 lakh tonnes of copper by the year 2026. It may take 10 to 15 years for a new copper mine to start, due to which there is a possibility of a big jump in its prices worldwide.
What is the status of copper?
Recently, its prices have seen a jump of 3 to 3.5 percent in just one day. If we look at the estimates of Goldman Sachs and Citi, it is found that in the coming time, the price of copper can reach 11 to 14 thousand dollars per ton, which is a jump of 20 to 50 percent. China has recently made a plan to provide subsidy on solar, due to which the demand for copper is expected to increase further. This is the reason why Sujoy has described it as suitable for both short term and long term investors.
Big difference between gold and copper
Sujoy wrote in his post that there is a big difference between gold and copper. One is kept safe in the locker, but the other runs in the market to make a future. A big difference between the two is that when gold waits for its turn, for example, waits for the demand to increase in the global market, copper still keeps increasing and remains in demand 24 hours. He clearly said that copper is not a metal, it is an opportunity and whoever misses this opportunity may have to repent in the future.
