This always turns my crank, forget Lithium so much opportunity to be loading up on copper stocks right now before the party starts:
In the longer term Copper will continue to excel all other commodities. DYOR!Goldman Sachs is clearly the most bullish on copper, which should be no surprise given it released a report in April 2021suggesting copper is "the new oil"due to its critical role in achieving Paris climate goals.
It expects copper to average more than $11,880/t this year - which would see the red metal reach all-time highs - on its way to $15,000/t later this decade.
BANK
2022 FORECAST
ANZ
$9,770
Argonaut
$9,092
Bell Potter
$9,480
Canaccord Genuity
$10,050
Citi
$9,250
Goldman Sachs
$11,880
Macquarie
$8,750
S&P Global Ratings
$8,500
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