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Odd Lots

Jeff Currie on Why Copper Is His Highest-Conviction Trade Ever

May 17, 2024
In this insightful discussion, Jeff Currie, the Chief Strategy Officer of Energy Pathways at the Carlyle Group and a seasoned commodities analyst, shares why copper is his top investment pick. He delves into the rising demand for copper due to the electrification trend, juxtaposed with long-term supply challenges. Currie highlights the critical role of technological advancements and green initiatives in driving this demand. He also discusses shifts in the oil market and the geopolitical implications of changing energy dynamics.
41:47

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Copper's resurgence is fueled by electrification demand, despite past price dips.
  • Long-term supply shortages and short-term price fluctuations challenge the copper market.

Deep dives

Copper's Revival Amid Supply Shortages

After experiencing a downturn, copper is back in focus due to the growing demand for electric vehicles and grid electrification. The podcast explores how long lead times for new mines and spot weakness affect copper mining decisions despite long-term demand certainty. The challenge lies in balancing short-term supply fluctuations with long-term needs, especially amidst ESG concerns about mining impacts.

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