The Copper Market Is Heading For A Shock: GoldmanRupert Hargreaves
$180 billion, that’s the aggregate capex value the world’s 15 largest copper producers spent between 2009 and 2015 to bring an incremental 1.2 million tons of copper supply online by 2020.
In percentage terms, this massive influx of supply represents 3.4% compound annual growth in supply over the next five years from this group of 15 copper producers which together represent two-thirds of global copper mine production.
Short Lithium Vs. Long Copper
With all this supply set to hit the market before . . .
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