Bill Herbert

Paradigm Capital Analysts Raise Base Metal Targets

Copper will be closer to $5 in a year than $1.75. Count on it.

The pundits that have been lowballing the copper price for the past five or six years seem to not have a clue as to the dynamics of global growth, the severe supply constraints, plus the urgent need for more local power generation and efficient transmission - and all of these point to higher copper prices, not lower.

India is now where China was about ten years ago - on the verge of explosive industrial and also consumer and housing growth. The number of new electric vehicles that will be produced in the next ten to fifteen years could drive copper up 100% from here, easily.

Copper at $1.75 is a ludicrous prediction - the impending collapse of the US $ alone virtually guarantees that that price will never be seen again, IMO.