Goldman Warns Of Historic Shortage As Copper Explodes Higher

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News Story Source: by Tyler Durden
… are entering the market every month, and the result is not only the continued push higher in risk assets but soaring commodity prices, with industrial metal prices powering to the highest in years on bets an economic recovery and worldwide push for cleaner, greener energy will unleash vast, pent-up demand.

As the chart above shows, nowhere has the recent surge been more evident than in the dramatic gains across the base metals complex, with nickel at its highest since 2014 and copper eyeing a record stretch of monthly advances as it creeps closer to $10,000 a ton.

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