That's correct. Copper is being performing really well nowadays. Copper is trading at record high levels since mid-February amid robust demand and supply constraints.Copper prices are trading above US$4.0 per pound since the start of the third week of February, a level last seen in August 2011. The current price rally is fuelled by supply disruptions from South American mines and robust demand from China's largest importer.
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- Copper Market Deficit by 2025
Copper Market Deficit by 2025, page-145
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