@PieChart
The following is a 5-sentence summary of the 31-page report by Goldman Sachs dated 13 April 2021: No decarbonisation without copper. The green transition will support a surge in copper demand. The copper market is unprepared for this critical role. Sticky supply threatens to deplete copper stocks by mid-decade. Copper on a necessary path to US$15,000 per tonne.
Copper is now strategically the most important commodity. It’s got old economy demand, new economy demand, and green economy demand against under investment and long-term supply issues.
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.
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