Oil’s historic price surge in 2008 will look like ‘child’s play’ compared with the expected copper boom by 2025, Citi says

Copper prices may experience a significant price spike over the next three years due to its critical role in electric vehicle batteries and other green energy technologies, making it a potential alternative to oil as the world moves away from fossil fuels.

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Relevant topic timeline:

8/22/2023

Column: Copper trapped between old and new super-cycles

Copper is caught between the old Chinese super-cycle and the new energy transition super-cycle, with fund managers uncertain about the direction it will take.

8/23/2023

Price gains for gold; silver bulls charged up

Gold prices are slightly up and silver prices have hit a three-week high due to short covering and bargain hunting, with silver seeing significant improvement in its technical posture.

8/25/2023

The Case for Copper as the Top ‘Bullish Energy Transition Trade’

Copper is a top choice for investors looking to benefit from the transition to renewable energy and the decline of fossil fuels.

8/27/2023

Experts are witnessing a strange new phenomenon in the demand for electric cars: ‘We call it the ‘Field of Dreams’ moment’

Huge price reductions and increased availability are driving growth in the electric vehicle market, which saw record sales in 2023, as major manufacturers like Tesla, Ford, and General Motors lower their prices and pass on cost savings from raw materials to consumers.

8/28/2023

China’s Economic Slump Continues to Batter Old Economy Steel and Coal Sectors

China's commodities sector, including coal mining and metals production, is experiencing declining profits due to the worsening property crisis and economic slowdown, with steel producers being the hardest hit. However, there is potential for growth in metals firms linked to the energy transition, particularly in China's green copper consumption driven by electric vehicles and renewable power.

9/18/2023

Gas Prices Spike Raises Recession Fears, But Inflation May Ease as US Production Ramps Up

Gasoline prices are rising due to oil supply cuts in Saudi Arabia and Russia, as well as flooding in Libya, but some experts believe that increasing oil prices will not have a significant impact on the US economy and do not expect them to rise much higher in the next year or two due to factors such as increased US oil production, slow global economic growth, and the green energy transition. However, high oil prices can lead to higher inflation, potential recession, and could influence the Federal Reserve to raise interest rates, but the impact may not be as severe as in the past, and some experts recommend investing in the energy transition and adopting a more defensive investment strategy.

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Posted 8/28/2023, 5:57:14 PM