Goldman Sachs Predicts Extreme Copper Supply Crunch
Jun 7, 2022
Nick Snowdon, a metals strategist at Goldman Sachs, recently stated that predictions on copper supply issues in the long term were potentially right and would probably cause the metal’s price to reach $15,000 per ton. The demand for copper is expected to rise significantly over the next 10 years as demand for electric cars, electricity infrastructure and renewable energy increases alongside international targets for reductions in carbon emissions.
The new supply cannot meet the increasing demand, however, with the significantly low supplies of the red metal held in…
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