Goldman Sachs metals strategist Nick Snowdon has warned that forecasts of copper prices hitting $15,000 per tonne may be conservative.
As supply-side shocks caused by global warming and lockdowns rumble on, demand is due to skyrocket in step with growing renewable energy and electricity infrastructure.
The result could see the copper price soar to new highs, Snowdon told Bloomberg’s Odd Lots podcast.
Jubilee Metals Group (LON:JLP) is a global, diversified metal recovery company that operates world-class projects, ensuring a positive impact on the environment and its stakeholders.
