World rooster on copper, the brand new “gold” of vitality conversion

2024-06-06 16:54:14

DISTRIBUTION – The costs are breaking data. The growing demand and provide doesn’t sustain with out the opening of recent mines.

For 3 years, the worth of crimson metallic has been leaping from file to file. On June 20, it reached a historic excessive in London, at $10,845 per ton. Having fallen barely since then, it has been up round 15% because the starting of the 12 months. And the surge in copper costs is predicted to proceed.

If the analyst has Capital confirmed in Could that they hope within the quick time period ” a decline in market exuberance » and a return to 9,250 {dollars} per tonne by the top of 2024, different consultants predict a bounce to fifteen,000 {dollars} by 2030. The hedge fund supervisor Pierre Andurand even expects it to be nearer to 40,000 {dollars} per tonne within the subsequent few years. ” Costs will rise much more as consciousness will increase, together with the creation of recent monetary markets »underlines Christian Mion, a mining professional from the consulting agency EY.

Copper is now gold. ” Because the world strikes in the direction of a inexperienced future, copper is the brand new gasoline

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