$USGDF

Benzinga·Apr 5

EXCLUSIVE: Key Indicator May Flip Global Economic Forecasts — 'Copper Is Beginning To Define Its Own Narrative'

Demand for copper from the energy transition may eventually help the red metal diverge from other industrial commodities that are often seen as economic bellwethers. As the energy transition from fossil fuels to renewables gains steam, copper's role as a leading economic indicator may decouple somewhat from aluminum and zinc, Eric Saderholm, managing director of exploration with American Pacific Mining Corp. (OTC:USGDF), told Benzinga. Copper, aluminum and zinc are gauges of the world economy because they are used in a vast array of products manufactured and shipped around the globe, said Saderholm, whose company is a precious and base metals explorer and developer with projects in Alaska, Montana and Nevada. "However, copper is the most important of these metals, serving as an economic bellwether and as the most fundamental in industrialization due to its role in electrification," he said. "Without copper, our planet slowly grinds to a halt." Also Read: Will Copper Reach $10,000? ‘An Essential Metal That Faces An Uncertain Future’ Over ...Full story available on Benzinga.com