"Investors should buy copper on dip if an opportunity arises, according to Jonathan Barratt, CEO of weather insurer CelsiusPro.
“Our outlook for 2023 and 2024 is: when you get a dip in copper prices, it’s something to have in your portfolio,” Barratt told CNBC, citing insufficient supplies and high copper demand in the renewables space.
“There is just not enough supply. And when we look at everything that’s happening in the environmental space, the renewables, everything, copper is a key component. So that’s a buy on dip at any chance you get.”
The world is currently facing a global copper shortage, driven by higher demand pressures and challenged supply streams in South America."
Outlook for copper, iron ore, lithium — buy copper on a dip (cnbc.com)
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