00:00 It's Benzinga and here's what's on the block. Copper prices are predicted to rally over 75%
00:05 by 2025 due to a combination of factors including mining supply disruptions and
00:09 higher demand for copper. Demand for copper is expected to rise as it's a key metal used in
00:14 electronics, electric vehicles, renewable energy infrastructure like wind turbines and power grids.
00:19 The green energy transition will require significantly more copper to build out
00:22 renewable technologies. The supply of copper is expected to tighten due to mining disruptions.
00:27 Analysts from Goldman Sachs predict a copper deficit of over half a million tons in 2024
00:32 due to lower supply. They forecast copper prices reaching $10,000 within a year
00:36 and potentially much higher in 2025. For all things money visit Benzinga.com
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