Copper Shortage May Last Through 2030

February 21, 2023 11:54:45

Analysts expect that the global market will experience a copper shortage this year that may last until 2030. The red metal will play a crucial role in the energy transition, given its use in industrial machinery and electrical equipment. Higher demand pressures and challenges affecting the South American supply chains are fueling the metal’s shortage.

A copper squeeze may signal that inflationary pressures will worsen globally, which may, in turn, push central banks to…

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