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Copper's Critical Role in Green Energy Transition
In the Autumn of 2023, the International Copper Study Group (ICSG) forecast that the copper market was likely to experience a significant surplus of the metal in 2024 after several companies worldwide ramped up their operations in response to the growing global demand. However, by the end of the year, updated forecasts suggested that copper prices would skyrocket in 2024, as the world faces deficits of the critical metal driven by more ambitious climate pledges from various countries around the globe. So, what can we expect for copper in the coming year? In October, the ICSG predicted that the copper market would ... (full story)