2023-01-04 12:31
Don't expect a Goldilocks economy
Most commodities are cheap today. But that won't last. Creating a sustainable world is an existential necessity. However, huge amounts of raw materials are required. These commodities can only be produced in sufficient quantities if prices are high enough to incentivize producers. Goldman Sachs (NYSE: GS) estimates that copper prices would need to rise about 30% to meet future demand. The current economic slowdown has only shifted demand. A recession doesn't change how much copper is needed to build an electric fleet and the infrastructure that goes with it.

https://shepherdgazette.com/dont-expect-a-goldilocks-economy/

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