https://www.mining.com/web/shortages-key-to-coppers-upward-price-trajectory-to-new-peaks/
Copper prices have recently been bolstered by expectations of tight supplies and optimism about demand prospects from energy transition applications such as electric vehicles and new technology such as artificial intelligence and automation.
Copper is transitioning from an investment story that made a lot of promises, to one where some of those promises are starting to be delivered on — rising copper intensity across the economy, supply side challenges, concentrate tightness and restocking effect after a long manufacturing slowdown.
Source: https://s22.q4cdn.com/529358580/files/doc_presentations/2024/FCX_1Q24_CC.pdf
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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