$US5/lb copper call by the end of year Goldman Sachs renewed its $US5/lb copper call by the end of year in June, and Glencore’s Ivan Glasenberg reckons we’re on our way (as does Goldman) to $US6.80/lb copper come 2025.
here will some up and downs for the copper price before 2025.
That is a pivotal year because it is when a combination of demand from the global decarbonisation and electrification push smashes into a forecast structural shortage in supply because of declining grades, mine depletion and a lack of new mine developments.
https://www.livewiremarkets.com/wires/longer-term-appeal-of-copper-stocks-just-increased-thanks-to-september-sell-off