– The Copper Supply Shortage Is Here:
With the AI boom and green energy push fueling fresh copper demand, and with copper mines aging and not enough projects to match demand with supply, the forecasted copper shortage has finally arrived in earnest.
Coupled with persistently high inflation in the US, EU, and elsewhere, I predict the industrial metal will surpass its 2022 top to reach a new all-time high this year:
…
As copper rises, so will copper theft, adding a further destabilizing element to the functioning of essential infrastructure and the broader economy. With supply already pushed thin, the increased attractiveness of this low-hanging fruit for petty thieves (and unscrupulous insiders at copper producers) will only make the problem worse.
While some still believe the current rise in copper is mostly due to pure speculation, the majority of analysts now see the writing on the wall with copper supply and demand. As Goldman Sachs said at the recent Cesco Week symposium, an annual meeting of minds in the copper industry, the price of copper is currently: “(in the) foothills of what will be its Everest over the next three to five years.”
* * *
PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP