Worldwide copper-mining shortage

Goldman Sachs breaks down how a worldwide copper-mining shortage could drive parabolic gains in the metal’s price over the next 10 years

  • Andrew Snowdon of Goldman Sachs broke down how a supply shortage in copper mining projects will propel the metal’s price higher.
  • The firm recently said the metal is “the new oil,” and could reach $15,000 by 2025.
  • Snowdon said mining projects are hesitant to invest in growth, and the copper price will need to soar even higher to change that.