RE: Very Hopeful - update27 May 2024 10:54
Hedge Fund Manager in FT:
We are moving towards a doubling of demand growth for copper due to the electrification of the world, including electric vehicles, solar panels, wind farms, but also military usage and data centres,” he told the Financial Times.
“I think we could end up to $40,000 per tonne over the next four years or so. I’m not saying it will stay there then; eventually we will get a supply response, but that supply response will take more than five years.”
Imagine selling for 40P and then this happens. What a nightmare for our BoD!