The Copper Market Is Heading For A Shock: Goldman

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Rupert Hargreaves
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Updated on

$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 the end of the decade, it’s clear why copper prices have struggled to gain any traction this year….

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk