Copper prices are soaring but there's plenty of upside left in the tank: Tribeca

https://www.livewiremarkets.com/wires/copper-prices-are-soaring-but-there-s-plenty-of-upside-left-in-the-tank-tribeca

Tribeca expects copper prices to rise above the US$5 level in the coming months and potentially much higher given the incentive price needed for greenfield projects.

Copper remains one of the largest exposures to Tribeca's Global Natural Resources Fund, with more than 40% of net long positions to various global producers and developers.

"All of the operational, regulatory and inflationary cost issues plaguing the copper sector has pushed the incentive price to US$5/lb (US$11,000/tonne), if not closer to US$6/lb (US$13,200/tonne)."





"If you use Nvidia (NASDAQ: NVDA)'s assumption on AI demand for 2030, it implies we could eventually be at a level where data centres require an additional ~10% of copper demand to that currently forecasted."

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.