Goldman Sachs sounds the alarm bells on tightness in the global copper market
Goldman Sachs sounds the alarm bells on tightness in the global copper market
Goldman Sachs analyst: We're going to run out of copper by mid-yearHe said that at some point the supply shortage "becomes so compelling that you can't sit on the sidelines and watch prices continue to rise."He noted that trading volumes had dried up recently because of the madness in nickel, something he suspected will reverse soon.Copper "is under priced and cannot remain at $10,000 per ton or we're going to run out of copper by the middle of this year," he said. "We have to reprice higher and it has to come extremely soon."
This should bend the needle.
https://www.forexlive.com/news/goldman-sachs-sounds-the-alarm-bells-on-tightness-in-the-global-copper-market-20220331/
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