The Future of Copper Prices

Adam Sobel: It seems almost impossible to paint a bearish demand story in the copper market because you have China that still believe it or not is under invested in its copper infrastructure. India, which should have about 100 pounds of copper per person right now, is like 15 pounds of copper installed per person in their economy. So any way you cut it, it strikes me like copper is going to do quite well. He says there's no ready substitute for copper and prices could go up as high as 8-10 bucks a pound. The price really will come down if this energy transition can become affordable according to Sobel.