Who is going to get a bargain!, page-594

So what do Goldman Sachs Think about copper now?

Here is the Latest from their Head of Commodities Jeff Currie this week at the FT Commodities Global Commodities Summit:

“On copper, the forward outlook is extraordinarily postive. We’ll be at the lowest observable inventories that have ever been recorded at 125,000 tonnes. We have peak supply occurring in 2024…Near term we put (the copper price) at $10,500 and longer term our price target is $15,000 a tonne.”His remarks echoed those of major copper trader Trafigura which said the price could top $12,000. Copper hit a record high $10,845 in March 2022.

And when Goldman's Study the Global Copper space, good old Rex sits at the top.

I suspect the process Rex is running has attracted a lot of interest. Time will tell