Copper prices have surged significantly, reaching an all-time high of $11,000 per tonne, driven by increasing demand for green technologies. Hedge fund manager Pierre Andurand predicts that copper prices could rise even further, potentially quadrupling to $40,000 within the next few years. This bullish outlook is supported by the metal's critical role in the green transition. Over the past six months, copper has seen a 27% increase. However, there are differing opinions on the sustainability of this price surge. Macquarie analysts warn of a high risk of price correction, while Oxford Economics suggests that the market may have overvalued copper. Additionally, BHP's resolve to acquire Anglo American's copper assets is being tested by investor demands for a simpler offer or a cash deal, as the deadline for the acquisition looms.
Copper will quadruple to $40,000 within the next few years says Hedge Fund Manager Pierre Andurand https://t.co/4eNH5S6Du3
May wrap-up: How #copper is finally SOARING (plus $BHP and M&A analysis) https://t.co/xM4MW4lRoW
A bet on copper has paid off. But what can investors expect now that prices are soaring? https://t.co/EYSUCQ7JwV
Doctor Copper Is Sending Signals Our Way | @DrMarkThornton The price of copper has hit an all-time high. This represents a signal about the world economy. https://t.co/wpOZMDgnbu
After reaching all-time highs, the CME v LME copper price spread is falling back and prices correct lower. While we agree there are positive fundamentals ahead, we think markets got ahead of themselves and copper is still overvalued. Find out more: https://t.co/GX4jbkdSYA https://t.co/JLfsR8J5DP
Risk that copper prices will correct is very high: Macquarie https://t.co/GPPWs4kew4 https://t.co/Hggab5fevl
Copper prices will extend records and surge another 288% in the coming years, top trader says https://t.co/C0NEedE1Rq
Some trailing 6M commodity returns: • Copper: +27% • Gold: +18% • Silver: 29% Me holding tin: https://t.co/yM8daVmr3R
Copper prices to quadruple on surging green demand, legendary oil trader Pierre Andurand says https://t.co/OXlOD7KB3S
Battle for Anglo's copper assets tests BHP's resolve as deadline looms https://t.co/QkKRP3LFaj https://t.co/Iwkk7JWxHZ
⚠️ ANALYSIS-BATTLE FOR ANGLO'S COPPER ASSETS TESTS BHP'S RESOLVE AS DEADLINE LOOMS Full Story → https://t.co/DWNKXbRXTL BHP's resolve to add more copper to its portfolio will be tested by Anglo American investors' demands for a simpler offer for the whole company or a cash… https://t.co/EBshTPMir5
The metal critical to the green transition has risen almost 20% this year, touching a record $11,000 a tonne recently. Here's why hedge fund manager Pierre Andurand thinks it could go much higher: https://t.co/elKS902KeG https://t.co/3othJHyF7K