Copper price

This is an extract from an article in:
http://www.energyandcapital.com/articles/electric-cars-will-make-copper-investors-rich/5943

This company picked the bottom of the copper market in early 2016.
"Over the past year or so, copper prices have started inching back up. But if you look at a six-year chart, the price of copper is still about 43% off a record high of $4.53 back in February 7, 2011.
The truth is, copper has seen better days. But with the rapid development of the electric car market, copper prices have a very good chance of getting a much-needed boost over the next few years.
You see, electric vehicles use a lot of copper. A lot more than internal combustion vehicles, too. Most internal combustion engines require about 55 pounds of copper. An electric car, like the Tesla Model S, requires about 165 pounds of copper — or about three times as much as an internal combustion vehicle.
Rest assured, my friend: this reality puts huge smiles on copper producers.
The International Copper Association recently reported that in just 10 years, copper demand from electric cars and buses will reach 1.74 million tonnes. That’s compared to just 185,000 tonnes today, thereby representing a compound annual growth rate of 25.12%. That’s huge!
The bottom line is that if you find the data on electric vehicle growth to be sound, then you likely see a catalyst for increasing copper prices."
A higher copper price will be a major boost for HGO cash flow.