Copper market a ‘powder keg’ ready to explode, says Friedland
The physical market for copper is “very, very tight and now in deficit”, and with the Federal Reserve rate cut on the horizon, the metal is set to explode this year, said Robert Friedland in an interview with Bloomberg this week.
According to the copper mining executive, the dollar-denominated price of the metal is likely to “go up a lot” by the middle of the year.
https://www.mining.com/copper-market-a-powder-keg-ready-to-explode-says-friedland/
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Ann: December 2023 Quarterly Report, page-180
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