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MacroVoices #432 Jeff Currie: Metals, Energy, Commodity Super Cycle & More
Macro Voices
Copper as a Key Commodity with Long-Term Demand
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The fundamental picture for copper shows that, although it has experienced a sell-off recently, the long-term demand remains strong. Investors view copper as strategically important, often referred to as the new oil due to its significance. The shift of copper into backwardation from contango indicates a potential transition in the market structure, presenting a buying opportunity for those looking at copper in the long term.
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