Teslas of the World a Boon to Aluminum and Copper Too
- Single-asset gold miners are likely to merge or be acquired
- Oil & Gas companies have shorter path to recovery than mining
Why Industrial Metals May Be in a Bull Market
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The booming demand for electric vehicles will create demand for more than just lithium or cobalt over time. The switch from gasoline to electric will require a large amount of infrastructure, which takes a lot of copper and aluminum too, according to Franklin Templeton’s fund manager Stephen Land.
"With EV push, it’s hard not to feel optimistic for aluminum and copper demand," according to Land, 41, who co-manages the roughly $1.08 billion Franklin Gold and Precious Metals Fund. Copper has always seen demand stemming from auto and electronic devices, and this EV push will accelerate that demand.