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Trafigura Sees Green Copper Supercycle Driving Prices to $15,000

https://au.finance.yahoo.com/news/trafigura-sees-green-copper-supercycle-094901003.html

The world’s biggest copper trader expects the metal to hit $15,000 a ton in the coming decade as demand from global decarbonization produces a deep market deficit.

Even in the early stages of the Covid-19 crisis, Trafigura Group was betting on the rebound that’s seen copper double over the past year to trade at more than $9,000 a ton.

Now the commodities giant sees the metal soaring past record highs above $10,000 as western economies pull out of the pandemic and the green revolution takes hold, head of copper trading Kostas Bintas said in an interview.

Right now copper futures back up to $4.09