ANGPY - Anglo American's Copper Exposure Can Only Get Better

• A large portion of Anglo American's business is copper exposed.
• While things have been going great for copper with the renewable push, we think that geopolitical tensions will actually help copper even further.
• While a backlash on renewables is something to keep in mind, climate change is real, and it won't be stopped entirely.
• Moreover, with Europe and the US now looking closely at semiconductors as they should have at oil, as a strategic industry, we may see greater competition for resources with China.
• Reserves of copper may become a necessity as strategic interests in semiconductors heat up.

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