“For us here at Citi, copper is the energy transition bull trade. The world is cyclically weak right now, and that means the trade is on pause. But copper’s eventual bull run is likely to make oil’s famous 2008 rally look like child’s play,” Max Layton, Citi’s managing director for commodities research, said in an 23 August 2023 video presentation for clients.
https://finance.yahoo.com/news/oil-historic-price-surge-2008-175714965.html
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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