Copper (HG=F) prices have risen this year amid a supply squeeze. Wells Fargo Head of Real Asset Strategy John LaForge joins The Morning Brief to discuss what...
) prices have risen this year amid a supply squeeze. Wells Fargo Head of Real Asset Strategy John LaForge joins The Morning Brief to discuss what is driving copper prices higher and the commodity's outlook.
A lot of that has been attributed to the supply squeeze that we've got going on the surge in demand that we will likely see for A I cap green cap spending that's likely to go on.So here we are today with that jump of just about 30%. So investors really trying to find different pockets of the market trying to position them their portfolios best is certainly an a couple of months ahead.
What is the kind of, as you were mentioning, the international marketplace here for copper as well to what extent is this and the broader commodities landscape right now really hinging on geopolitical kind of factors uh for copper, not much. Um, so what you really have is a commodity super cycle that started four years ago, that's pushing all commodities higher.You probably have another 6 to 10 years left of really strong commodity performance.
But, but generally I'd expect prices to be higher is copper a perhaps annexed chip trade here as well.Uh But, but generally, no, I'd say if you look around the globe, we just don't have the supply.
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