Goldman's Currie Expects 50% Rise in Copper Prices

The video discusses a significant copper deficit expected in the next three years, which is anticipated to drive prices up by 50% to $15,000 per ton. Despite this forecast, current market conditions, including a weak property market in China, have kept prices lower. The video emphasizes the low inventories and limited production capacity, highlighting substantial upside risks in the market.

What is the expected percentage increase in copper prices due to the anticipated deficit?

• 25%

• 50%

• 75%

• 100%

What is the current trading price of copper per ton mentioned in the discussion?

• $20,000

• $15,000

• $10,000

• $5,000

Why do commodities markets not price in future expectations?

• They are influenced by government policies.

• They focus on historical data.

• They deal with current market conditions.

• They rely on consumer demand.

What is one reason the market has not yet priced in the copper deficit?

• Weak property market in China

• High demand elasticity

• Strong property market in China

• High production capacity

What is a significant factor contributing to the upside risk in copper prices?

• High inventory levels

• Limited production capacity

• Stable market conditions

• Decreasing demand