There isn't enough copper in the world — and the shortage could last till 2030
Publishing timestamp: 2023-02-06 21:28:46
Summary
A copper deficit is set to inundate global markets throughout 2023 due to challenging supply streams in South America and higher demand pressures. Copper is a leading pulse check for economic health and its squeeze could be an indicator of global inflationary pressures. Glencore announced it was suspending operations in its Antapaccay copper mine located in Peru due to protests. China's reopening has had a major impact on copper's price due to supply shortage and the deficit may last until 2024-2025. Electric vehicles and charging infrastructure are expected to be a major driver for copper demand.
Sentiment: POSITIVE
Keywords: chile, goldman sachs group inc, china, goldman sachs bdc inc, commodity markets, business news,