Copper Prices Predicted to Skyrocket Amid Green Demand Surge
Hedge fund manager Pierre Andurand predicts copper prices could surge to $40,000 per tonne within the next few years due to increased demand from electrification, including electric vehicles and renewable energy projects. Current prices have already reached a record $11,000 per tonne. Jeff Currie of Carlyle also supports a bullish outlook, forecasting prices to hit $15,000 per tonne. The demand for copper is expected to rise significantly, with a projected supply gap of 10 million tonnes by 2030.