August 13, 2021 (Investorideas.com Newswire) 82% of German pension funds believe that a new commodity supercycle is imminent, in other words, that supply will not be able to keep up with demand for some time. Copper in particular may benefit significantly from this, as predicted by the financial analysts at Goldman Sachs. Block-Builders.net sheds light on the developments surrounding the semi-precious metal in a new infographic.
The price of copper is currently quoted at US $9,674. According to Goldman Sachs, the price could reach $11,500 within the next 12 months. The investment bankers expect copper to generate significantly higher returns than gold in the next year.
Yet an analysis of Google search engine data reveals that the masses do not yet seem to be aware of copper’s potential as an investment. The Google trend score, an indication of relative search volume, for “buy copper” currently stands at 24, where 100 represents the highest possible demand. It seems that currently it is predominantly financial professionals who have copper in their sights.
The copper price climbed by 44.7% in a 365-day review. By comparison, the DAX rose by just 24.1%. The semi-precious metal is used in various sectors, including housing as well as in electronics and cars. Electric vehicles in particular contain large amounts of copper, and copper also plays a significant role in renewable energies.
The infographic shows that Chile accounts for meeting 28% of global demand for copper. Political developments there can also have a considerable influence on the price of copper – as recently demonstrated by renewed strikes, which led to closed mines and temporary price increases.
“A variety of developments are fuelling demand for copper,” according to Block-Builders analyst Raphael Lulay. “This is also making the metal more and more attractive to investors.”
The full story with the infographic, facts and more statistics: https://block-builders.net/82-of-pension-funds-anticipate-imminent-commodity-supercycle-market-observers-particularly-focussed-on-copper/
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