Compelling Charts for Copper

10,000 Years in 25

The next 25 years could require as much copper as humanity has produced throughout its entire history.

Every major leap in economic development has been accompanied by a surge in copper demand.

The Industrial Revolution. The buildout of electrical grids. The rise of telecommunications. The rapid urbanization of emerging economies.

Each of these transformations pushed copper consumption to levels that previously seemed unimaginable.

Yet the demand requirements emerging today may be larger than anything the industry has faced before.

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In days like these, with headlines dominated by the Iran conflict and Kevin Warsh, I always like to take a step back and focus on what is fundamentally more important for the decade ahead.

With that in mind, let’s dive into some of my favorite recent charts on the metals market and why I believe the long-term case remains so compelling.

Let’s dive in.