Along with experiencing a short-term supply shortage, copper is set to undergo a “generational shift” in demand as decarbonization ramps up, according to BNY Mellon.
A copper deficit is set to inundate global markets throughout 2023, fueled by increasingly challenged South American supply streams and higher demand pressures.
Copper — traditionally seen as a leading indicator of economic health because of its use in many sectors — has unsurprisingly had a rough year. Yet analysts expect a resurgence in 2023.
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