QUESTION: Is this article simply more carnival barking hype … or reality?
[Original full article found here:
https://www.australianresourcesandinvestment.com.au/2023/07/14/copper-on-a-knife-edge/]
Copper on a knife-edge
CONTRIBUTOR 9 hours ago [Foto: Copper decarbonisationCopper smelting in Chile]
Will the looming global copper shortage jeopardise the West’s decarbonisation priority?
This year has ushered in a global copper shortage, with a major deficit of 1.9 million tonnes (Mt) forecast by 2030.
Due to the commodity’s expansive use in equipment and industrial machinery, copper has historically been a leading indicator for economic health. Material adjustments in the demand or supply of copper can therefore result in sustained economic distress, namely in the form of global inflationary pressures that are compelling central banks to maintain higher interest rates.
But why is there a global shortage, and will this jeopardise the West’s decarbonisation priority? ...
[See remaining portion of article at above link]