'Copper Is the New Oil:' Analyst Predicts Copper Could Surge 50% Driven by AI and Green Energy Revolution from first energy corporation bankruptcy Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:40 👁 View: 305K times ✓ Published: 21-May-2024
Description: Jeff Currie, chief strategy officer of Energy Pathways at Carlyle, says copper is emerging as the next indispensable industrial commodity like oil was in previous decades. Demand for copper is being driven higher by artificial intelligence, the exponential growth of data centers, the green energy revolution, and increased military spending. Copper prices have already hit record highs of $10,000 per ton in London, more than double the pandemic lows in early 2020. Currie predicts copper prices could surge another 50% to $15,000 per ton due to tight supply and growing demand from multiple sectors.