Commodities analyst Jeff Currie predicts a 50% price surge in copper due to AI, green energy, and military demand.
Commodities analyst Jeff Currie, Carlyle's chief strategy officer of energy pathways, predicts that copper, "the new oil," could see a 50% price surge due to growing demand from AI, green energy, and military spending. Currie argues that this makes buying copper the best trade he's ever seen, as global supply issues are already making the metal more expensive. Key drivers of demand include industry requirements, wealth redistribution, and geopolitical conflicts.
May 19, 2024
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