I may be preaching to the converted here but Goldman Sachs...

I may be preaching to the converted here but Goldman Sachs metals strategist Nick Snowdon's views (expressed during Bloomberg's Odd Lots Podcast) about copper will not go unnoticed.

I know that GS and other big banks have been accused of manipulation but let's stay focused on facts here. I also believe that their Sector Research Teams are independent and have the necessary Chinese walls - I know this for a fact as I used to work for one of them sometime back.

I do not have access to the full article in Bloomberg but managed to get a summary from interest.co.nz

https://www.interest.co.nz/public-policy/116218/gareth-vaughan-coppers-turn-shine-victims-not-so-stable-stablecoin-outing

The headline on the episode is;

"Why Copper May Be One of the Tightest Markets The World Has Ever Seen"


Key takeaways

1. There's essentially no decarbonisation without copper.

2. Copper demand from green requirements to be 20%

3. Takes a very long time to get permits (hence brownfields projects are important!!)

4. Copper is not a raw material where it has close competitors in its key role as a conductor

Most funds are "overweight" in the sector. I am a Value investor looking for bargains.

DYOR - not investment advice, please.