MacroXX

MacroXX

Copper Game: Increasing demand vs tight supply?

Where is the equilibrium?

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MacroXX
Oct 08, 2024
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A.          DEMAND

Main driver: Clean Energy Transition, AI, Chinese Stimulus Package

Forecasts suggest copper consumption will reach 43mm metric tons by 2050, up from 26mm in 2022. (Source: Bloomberg)…

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