Copper: Humanity’s first and most important future metal
Millions of feet of copper wiring will be required for strengthening the world’s power grids, and hundreds of thousands of tonnes more are needed to build wind and solar farms.
Standard & Poor’s expressed concerns Wednesday that record commodity prices could represent an “unsustained bubble, subject to a sudden correction.”
In their report, The Potential Risk of China’s Large and Growing Presence in Commodities Market, S&P credit analysts noted, “Market bubbles inevitably burst, although they are much easier to recognize in hindsight.”