Copper price: Goldman, Citi make bullish calls on supply woes
- •Hey everyone, just read this article on Mining.com about Goldman and Citi getting even more bullish on copper, and honestly, it's got me thinking.
- •Goldman now sees copper hitting $13,735 a ton by year-end, which is a pretty significant bump from their old target.
- •With all the talk about electrification and the green transition, the supply constraints just keep compounding.
Hey everyone, just read this article on Mining.com about Goldman and Citi getting even more bullish on copper, and honestly, it's got me thinking.
Goldman now sees copper hitting $13,735 a ton by year-end, which is a pretty significant bump from their old target. I've been eyeing some copper plays for a while now, mostly larger diversified miners, but this kind of news makes me wonder if I should be more aggressive. With all the talk about electrification and the green transition, the supply constraints just keep compounding. I remember back in '08 when copper went on that crazy run, and while I don't expect a repeat of that exact scenario, the underlying fundamentals for this cycle feel even stronger. My portfolio's already got a decent allocation to materials, but copper specifically... I'm a bit lighter than I'd like to be, especially thinking about what this means for my kids' future economy.
What are your thoughts? Are you guys increasing your exposure to copper? Any particular ETFs or individual stocks you're looking at? I'm curious if anyone's gone for any of the smaller, pure-play copper miners, or if you're sticking to the larger, more established names. Let me know what you think!