Alternate energy transition will spur copper higher. Goldman Sachs gives a price target of $6.5/lb by 2025.
Confirmed by Katusa.
While copper mine supply growth is diminishing.
Copper supply and demand point to a deficit from 2025.
And copper stock levels are very low due to shortages.
For example, in Belgium, by 2026, every company car will be electric. That's 60% of all the cars in Belgium.
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