#CNNNews: Why #copper and #lithium could be ‘the new oil’
London (CNN Business)For decades, crude oil has been at the center of global commodities markets. Demand has served as a crucial metric of economic health, and price spikes have had major ramifications for gas-guzzling consumers.
But as countries around the world try to combat the climate crisis, oil could take a backseat, while metals like copper and lithium gain prominence.
“The critical role copper will play in achieving the Paris climate goals cannot be overstated,” Goldman Sachs analysts said in a recent research note titled “Copper is the new oil.”
Read more at: https://www.cnn.com/2021/04/20/investing/premarket-stocks-trading/index.html