Copper stonk(very undervalued)

Ticker Symbol:FCX(FREEPORT MCMORAN). The electric vehicle industry is booming, this is no secret. According to the white house, half of all new vehicles would be electric by 2030. Copper plays a key role in the batteries of electric vehicles.The usage of copper in electric vehicles is way higher than a traditonal one. For instance, traditional cars use about 18-49 pounds whereas plug-in-hybrid EVs use approximately 85 pounds, battery electric vehicles contain 183 pounds, a hybrid bus contains 196 pounds and finally, a battery electric bus contains 814 pounds.("Copper Drives Electric Vehicles", from www.copper.org) These would cause massive demand for copper for decades, helping share prices to go up.

Freeport is one of the largest copper miners on the world( Top5) . 14.6 PE,2.7 PS ratio,0.39 debt to equity ratio.Net income, margins, revenues and cash flow,EBITDA are going up significantly. The Zacks investment research firm expects EPS to grow 29.2% YoY for 3-5 years. Thus, a PEG of around 0.5, making shares very undervalued.

Richard Adkerson(CEO)said,"The world is getting increasingly electrified and more than 65% of the world's copper is used to deliver electricity. And when you look at electric vehicles, charging stations, clean power from wind, solar, all of these require significantly more copper to operate than the way that things are currently doing now."(Q3 earnings call)

I won't bore you fellas anymore, last thing I wanna add is that copper is in low supply yet the demand is high. This is similar to the chip shortage in ways that will boost these copper miners due to strong tailwinds. I suggest looking at their latest report that I linked down below. Earnings report