Copper’s recent decline looks to be a temporary setback, as the industrial metal readies for a potentially significant supply shortage in the coming years.
Copper remains a “long-term play”—a “direct beneficiary of the move to electrify everything in our lives,” says Frank Holmes, chief executive and chief investment officer of U.S. Global Investors.
The metal is used in everything from electric vehicles to renewable energy.
Georgian Mining Corporation (LON:GEO) has 50% ownership of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines.