Breakout Alert!, page-12

Sorry one link would not post



Altona has found itself the target of a $93 million takeover bid by Canada’s Copper Mountain Mining (TSX:CMMC).
The all-scrip offer, which works out to about 17c per share, is a 41.7 per cent premium to the closing price of Altona’s share price before the offer was announced.
And

Electric cars drive demand
Within 10 years total copper consumption in all types of electric vehicle batteries and infrastructure could account for 5 per cent of the global market.
Morgan Stanley expects electric cars to need 1.1 million tonnes of copper by 2025. That’s expected to grow to 1.7 million tonnes by 2027 according to the International Copper Association (ICA).
Today electric cars account for only about 185,000 tonnes. The global market for copper is now about 23.9 million tonnes and that is forecast to rise to 28 million tonnes by early next decade.
“Electrification of things is obviously really helpful for the copper market and probably will make it grow faster than normal, but really it’s just a huge and diverse market that has been growing for years and will continue to grow,” Mr Cowden said.