Copper boom: how clean energy is driving a commodities supercycle
“The coming together of such demand and potential supply shortages has many people on Wall Street, and in the City of London, hailing the arrival of a commodities supercycle and asking if copper is set to become the new oil, a strategically important raw material.”
USAGOLD note: Copper seems to have garnered its fair share of attention in the fully empowered green technology revolution, but silver – another major beneficiary – is rarely mentioned, even though it has outperformed copper over the past 12 months.
Silver and Copper Prices
(in percent, one year)
Chart courtesy of TradingView.com • • • Click to enlarge •••