I haven't seen such a shortage in thirty years! This important metal inventory is near a new low in a decade, and analysts point to the paradigm of new energy sources, with institutional funds rushing to buy, according to Reuters

I haven't seen such a shortage in thirty years! This important metal inventory is close to a new low in a decade, and analysts point to the paradigm of new energy, and institutional funds have rushed to buy

According to Reuters, the total copper inventory of the London Metal Exchange was about 78,000 tons in January this year, down more than 67% from the august high in 2021; during the same period, the copper inventory of the Shanghai Futures Exchange was about 29,000 tons, close to a new low in a decade.

Jeff Currie, economist and head of global commodity research at Goldman Sachs, said a few days ago that all commodity markets are currently in short supply. He noted that in his 30-year career, he had never seen a shortage like the one he is currently experiencing.

He said in an interview, "I've been doing this for 30 years and have never seen a market like this. It's a 'molecular' crisis, we have nothing, whether it's oil, gas, coal, copper, aluminum, as long as you can think of it, we don't have it. ”