The price of copper is considered to be the barometer of global manufacturing health – with the current trade negotiations between the US and China, global growth is at risk of slowing on this uncertainty, but traders and investors must be aware of the forces behind the copper price other than the current trade spat.
Electric Cars.
While conventional cars contain about 9 to 22 kilograms of copper, a hybrid electric vehicle typically contains 85 pounds of copper, while the plug-in hybrid electric vehicle uses about 59 kilograms of copper. And finally the battery electric vehicles typically contain more than 81 kilograms of copper.
Metal Tiger plc (LON:MTR) is listed on the London Stock Exchange AIM Market with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.