Odd Lots
Transcript: Copper May Be the Tightest Commodity Market Ever
This could be the story of the next decade.
Copper wire at the Rusty Rooster scrap metal recycling center in Louisville, Kentucky, U.S., on Monday, March 21, 2022.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
These days, all commodity markets are booming. And oil gets most of the attention for obvious reasons. But the big story of the next decade could be copper. Thanks to booming demand for EVs and overall electrification of everything, alongside minimal investment in new mines, copper might be the tightest commodity market the world has ever seen. At least according to Goldman Sachs. On this episode of the podcast, we speak with the firm’s top metals strategist, Nicholas Snowdon, about how high copper could potentially go. The transcript has been lightly edited for clarity.