Copper is used in just about everything electrical, the material’s high electrical conductivity and relative abundance makes it an incredibly attractive material for electrical wiring. The copper supply market is quite concentrated despite the material’s relative abundance, with Chile exporting 35% of the world’s copper ore in 2020, roughly $21 billion mostly going to China, which imported $35 billion of copper ore in the same year. The second largest exporter with roughly 15% market share is Chile’s northerly neighbor Peru, which exported $9 billion of copper ore in 2020. One of the issues with mining commodities like copper, or cobalt, or basically anything geographically concentrated, is that you can’t avoid regional issues like a company that manufactures products or provides…