From today's West Australian newspaper:
Future wired for copper
Along with experiencing a short-term supply shortage, copper is set to undergo a “generational shift” in demand as decarbonisation ramps up, according to BNY Mellon lead portfolio manager Al Chu.
Copper is a leading barometer of global economic health due to its wide-ranging usage, including in electrical equipment and industrial machinery. It had a strong start to the year, given a weakening dollar and investor expectations to see a surge in demand after the reopening of the Chinese economy.
Mr Chu suggested that the most interesting aspect of the copper outlook was a “secular change” in long-term demand.
“Copper typically is used as a construction metal for wiring. . . but if we look at the decarbonisation net zero energy transition trend, copper is the new oil,” Mr Chu said ne
From today's West Australian newspaper: Future wired for copper...
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