Bloomberg Surveillance
PPI Reaction and Energy Outlook
May 14, 2024
Jeff Currie from Carlyle Group discusses energy and commodity calls, including oil, copper, and gold. Adam Posen talks about PPI data and inflation outlook. Congressman French Hill covers Washington DC headlines. Julian Emanuel reacts to PPI, addresses small caps, and potential recession.
32:07
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Quick takeaways
- Investors are confident in the strong demand for copper due to China's infrastructure spending and AI advancements.
- Copper mining faces challenges with limited geographic locations, highlighting supply-demand imbalances and the race to meet increasing demands.
Deep dives
Investing in Copper Demand and Supply Dynamics
Investors are buying into the view that China is not the sole player in the copper market, leading to heightened demand. Despite a weak property market in China, copper demand remains strong, showcasing investors' confidence. Additionally, government infrastructure spending on green initiatives adds to copper's utility, aligning with AI advancements requiring substantial copper usage.
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