#Trafigura Sees Green #Copper Supercycle Driving Prices to $15,000
The world’s biggest copper trader expects the metal to hit $15,000 a ton in the coming decade as demand from global decarbonization produces a deep market deficit.
Even in the early stages of the Covid-19 crisis, Trafigura Group was betting on the rebound that’s seen copper double over the past year to trade at more than $9,000 a ton. Now the commodities giant sees the metal soaring past record highs above $10,000 as western economies pull out of the pandemic and the green revolution takes hold.
Read more at: https://www.bloomberg.com/news/articles/2021-03-23/trafigura-sees-green-copper-supercycle-driving-prices-to-15-000
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