134 days ago • Posted by William Ramstein
Are we still seeing room for copper growth?
Assuming an impending commodity supercycle, copper could continue to its hot run into new unbound territories. Copper prices have leapt 67% over the past year to about $9,100 a metric ton on the London Metal Exchange. Goldman Sachs Group sees them hitting an all-time high of $10,500 in the next 12 months, in part because the energy transition will require metals that store and transmit power. Did you know Global X has a copper miner ETF ? Source: WSJ