Why Copper May Be One of the Tightest Markets the World Has Ever Seen
The copper squeeze could be bigger than oil
A worker monitors a machine as it spools copper wire rod following manufacture at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co., in Verkhnyaya Pyshma, Russia.
Photographer: Andrey Rudakov/Bloomberg Listen to Odd Lots on Apple Podcasts
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These days, oil gets all the attention. Consumers feel and see the pinch directly every time they fill up their gas tank. But the big story in the next decade could be copper. It's not easy to ramp up copper production, due to the upfront cost and lead time in getting new mines online, and demand is expected to soar in part due to green initiatives. On this episode we speak with Goldman Sachs metals strategist Nick Snowdon about why the copper market is expected to be incredibly tight.