Copperremainsunparalleled in its efficiency and effectiveness for various applications critical for decarbonization efforts.
To meet ambitious net zero targets by 2035, annual copper demandmayneedtodouble to 50 million metric tons, according to industry estimates.
Hedge Funds’ Bullish Bets on Copper
Andurand Capital Management remains bullishoncopper futures as copper surged to record highs last month.
CoppertradedinLondonjumpedasmuchas30%thisyear to reach a record in May but has since retreated close to 15% from the high.
Many analysts expect that coppersupplieswilltraildemand in the years ahead as the metal is used in electric grids that will be expanded with the clean energy transition.
