Market Pulse
Copper is the 'most strategic' out of all the metals, says Barrick Gold CEO Mark Bristow
In a recent CNBC interview, Mr. Mark Bristow, the CEO of Barrick Gold Corporation, delivered a compelling statement that resonates strongly: "The key point is just as gold is precious, copper is the most strategic of all metals in the world" Quote. This declaration underscores the critical significance of copper, aligning it with the precious nature of gold. Mr. Bristow's direct approach, focusing on essential insights, makes him an admirable figure in the business world.
Citigroup Says To Buy Copper Now Before The Rally To $15,000
In an interview with Bloomberg this week, Max Layton, Citi’s managing director for commodities research, said he believes now is an ideal time for investors to buy, as the price of copper is still muted on global recession concerns.
Read MoreOil’s historic price surge in 2008 will look like ‘child’s play’ compared with the expected copper boom by 2025, Citi says
“Copper’s eventual bull run is likely to make oil’s famous 2008 rally look like child’s play,” Citi’s managing director for commodities research, told clients.
Read MoreCDA Applauds U.S. Department of Energy for Copper’s Inclusion on Critical Materials List
The U.S. Department of Energy (DOE) this week officially added copper to its Critical Materials list. This act marks the first time a U.S. government agency has included copper on one of its official “critical” lists, following the example of other countries including the European Union, Japan, India, Canada, and China.
Billionaire miner Robert Friedland warns of a copper 'train wreck' as supply stalls
Copper poised for price surge as industry struggles to expand supply
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