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Copper To $40,000 A Tonne, Says Hedge Fund Titan Pierre Andurand: What ETF Investors Should Watch

Benzinga ·  May 27 10:59

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...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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