He copperone of the most used metals in the world, could be fired more than 75% in the next two years due to the existing large supply and demand gap.
In parallel, the transition to green energy will further increase the price of the red metalIn addition to the fall in the US dollar, which experts predict, the Fitch Solutions report says.
By 2030, more than 60 countries are expected to support the plan to triple global renewable energy potential, which will greatly contribute to the use of copper.
As a result, Citibank believes that demand for copper will increase by 4.2 million tons and raise the price to approximately US$15,000 per ton
which is significantly higher than the record of US$10,730 per tonne reached in March 2023.Demand is sure to grow more and more as copper is used to make electric vehicle batteries, as well as grids and wind turbines.
That’s why Goldman Sachs expects a deficit of more than half a million tons in 2024 and price 10,000 US dollars per ton.
“We are confident that copper will increase in price significantly in 2025. It would take a ton to reach $15,000.
“, they added.
“Hearst Magazines and Yahoo may earn a commission or income from sales of some items…
When it becomes difficult to predict the future, sometimes the most useful thing is to…
“I'm not a Luddite, there is some value in this new technology. The motivation is…
Wholesale dollarSale$888.50EuroBuys$932.67Sale$998.59On Monday, May 20, the financial dollar accompanied the growth recorded in the market.…
This article was originally published in English Since its release, users have found creative ways…
Since his reappearance this season, there will be uncertainty about his level. Rafael Nadal He…