A growing number of research organizations, universities and governments have started gaming out the gritty geopolitical implications of a globe dominated by green energy.
As most majors miners that have reported results this year, Antofagasta delivered a bumper final dividend of 48.5 cents, 52% higher than consensus forecasts.
The Shanghai International Energy Exchange bonded copper futures, which were launched in November, are open to international investors looking to hedge their exposure to China.
There are certainly still reasons to be optimistic on China’s copper demand, but much will depend on how long and how large Beijing’s ongoing economic stimulus goes.