Goldman doubles down: Record-high copper price within a year

Frik Els | April 13, 2021 | 2:16 pm IntelligenceMarketsAfricaAsiaAustraliaCanadaChinaEuropeLatin AmericaUSACopper

Goldman doubles down: record high copper price within a year

Altonorte copper smelter, Chile. Image from Glencore.

Copper is trading more than $800 per tonne below the near-decade high hit in February, and some of the ardour of copper price bulls has cooled decidedly since then.

Goldman Sachs metals strategist Nicholas Snowdon, speaking at the virtual World Copper Conference on Tuesday, is squarely in the bull camp, however.

Snowdon doubled down on the investment bank’s view that the mining sector is at the start of a supercycle, citing three factors driving the boom in the broader commodity market:

READ THE ENTIRE ARTICLE HERE ON MINING.COM

error: Content is protected !!
Scroll to Top