The investment landscape for copper has been ignited by recent bullish predictions, particularly from prominent hedge fund managerPierre Andurand.
Andurand's forecast of copper prices reaching $40,000 per tonne underscored a compelling investment opportunity in copper miner stocks and theGlobal X Copper Miners ETF(NYSE:COPX).
Here are the drivers behind his optimistic outlook for copper. Benzinga will also touch upon the performance and holdings of the Global X Copper Miners ETF and examine technical indicators to present a comprehensive case for investors.
Copper Demand-Supply Dynamics
Copper, a critical metal in the energy transition, is poised for significant...
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