ENB Editorial note: This is frightening copper is in everything related to energy. Just another issue for inflation. We will see 11% before the fed can get it nailed down. This will be a bumpy landing if not a crash.
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These days, oil gets all the attention. Consumers feel and see the pinch directly every time they fill up their gas tank. But the big story in the next decade could be copper. It’s not easy to ramp up copper production, due to the upfront cost and lead time in getting new mines online, and demand is expected to soar in part due to green initiatives. On this episode we speak with Goldman Sachs metals strategist Nick Snowdon about why the copper market is expected to be incredibly tight.