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Goldman Sachs has flagged a copper "scarcity episode" by the end of 2022 as global stocks of the metal shrink. Goldman also expects a new record high within three month and a steady climb to US$13,000 a tonne in a years time.Mining.com claims that Miners need to invest over $100 billion to meet copper demand.We could be heading towards a copper supply squeeze unless new mines come into productions very quickly this year.
Goldman Sachs has flagged a copper "scarcity episode" by the end of 2022 as global stocks of the metal shrink. Goldman also expects a new record high within three month and a steady climb to US$13,000 a tonne in a years time.
Mining.com claims that Miners need to invest over $100 billion to meet copper demand.
We could be heading towards a copper supply squeeze unless new mines come into productions very quickly this year.
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