The trend after the FOMC meet tomorrow in precious metals and currency markets will be interesting. Global shift to electric cars over the coming years can put copper and nickel prices into inertia in the next few years. Some electric cars makers are considering making the car body from Aluminum to reduce car weight. Aluminum could also get a boost from electric cars. Long term fundamentals are looking extremely bullish for industrial metals. Solar power will support silver from getting a breakdown. The real competition to the traditional metals will come from Graphene. I am a big fan of Graphene. Every day I search the net for new uses of Graphene and new processes to make Graphene. I am pretty sure Graphene will soon become a part of daily lives just like copper or aluminum.
This post was published at GoldSeek on 19 September 2017.
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