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Meanwhile, Comex copper futures rose 4.2% to $4.069 per pound. Copper demand and prices “should continue to benefit from a recovering global economy and [a]transition to ‘green’ energy sources,” Brent Cook, an economic geologist and senior adviser for the newsletter Exploration Insights, told MarketWatch. The base metal is also finding support from the supply side. Metal miners suffered production slowdowns due to COVID-19 restrictions, and while supplies should pick up speed in 2021, the market will likely continue to be unable to meet demand in the years ahead. Diving into Copper’s Supply and Demand Dynamics Cook argued that estimates for supply increases range between 1.5% and 3.5% while demand is “projected to significantly exceed supply.” The supply deficit is projected to increase over the next five to 10 years “primarily due to a dearth of new copper deposit discoveries, the time line to bring a deposit into production,” which can reach for a large deposi

United statesJohn carusoBrent cookUnited states copper index fundInternational copper study groupGlobalx copper minersExploration insightsExchange traded fundsMo neyStock marketBarclays capitalBase metalsBasic materialsCommodity etfsஒன்றுபட்டது மாநிலங்களில்ஜான் கருசோ