- Copper consumption in relation to GDP per capita is essential for understanding the future demand for the metal.
- At higher than $1.5 per pound, the copper cost curve becomes very steep indicating a sharp boom in copper prices when deficits eventually arise.
- The five-year investment perspective necessary for copper seems long, but returns of 1,000% are on the table.
Yesterday we discussed iron ore, aluminum, platinum and zinc. Today we will focus in on copper.
Copper prices haven’t moved much since the beginning of this year, trading in a range between $2 and $2.2 per ounce. More →