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Funds are bearish on copper but it's the go-to metal for the energy transition

Funds are bearish on copper but it's the go-to metal for the energy transition
Max Layton, Citi’s managing director for commodities is featured in a Bloomberg story today on the coming wave of copper demand. LME copper prices are at $8,300 today and he sees them 'easily' rising to $12,000-15,000 in 2025 as flat supply runs into a wave of electrification demand.Some things he said:“If you want to put on a decarbonization trade in commodities, the only truly liquid commodity is copper, and it’s the most liquid by a country mile"“Copper’s unique characteristics mean that it... Read More
Posted: Jun 9 2023, 14:56
Author Name: forexlive
Views: 110896

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