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Copper soared to an all-time high as optimism about a global rebound from the pandemic boosts commodities markets.
The metal - an economic bellwether - is front and center in a rally that’s driven raw materials from lumber to iron ore to multiyear highs or records. Stimulus measures and vaccine rollouts are fuelling prospects for a resurgence in demand that’s set to strain supply, while copper’s crucial role in the green-energy transition is set to underpin longer-term gains.
Big banks and others including trader Trafigura Group have rolled out a list of lofty price targets, with the latter predicting copper will hit $15,000 a ton in the coming decade as decarbonisation drives more consumption. At the same time, the pandemic has disrupted trade flows in the short-term and a lack of mine investment is set to see the market short of the supply needed to meet demand.
Goldman, Pimco sehen am Rentenmarkt irrationalen Inflationswahn
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Крупнейшие инвесторы призывают банки прекратить поддержку ископаемого топлива
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December 2020 – In November, the most
important development in Turkish competition law news was the
publication by the Turkish Competition Authority
(
TCA ) of its draft
Communiqué on Commitment to be Submitted in
Preliminary Investigations and Investigations for Contracts
Restricting Competition, Concerted Actions and Decisions, and Abuse
of Dominant Position
(
Communiqué on Commitments ),
details below. The TCA also published the online oral hearing dates
for Biletix, a subsidiary of Ticketmaster, and the Turkish
Pharmacists Association, both of which are scheduled for
December.
Event: Istanbul Competition Forum