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Copper Could See a Comeback as Demand Outpaces Supply
Investors are waiting to see if gold can retain its luster from 2023. Meantime, copper could be picking up where the precious metal left off. A bounce-back after 2023 weakness could be in store for copper if demand continues to outpace supply in 2024. As opposed to simply a store of value, the metal’s industrial use gives it utility especially in the coming years. That’s because more consumers are expected to rely on electric power over fossil fuels. From motors to batteries, the metal plays a vital role in electric vehicles (EVs). And as more of them hit the road in the next decade, the growth prospects for the ... (full story)