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Gloomy mood at copper event despite strong fundamentals

COPPER prices are at record levels, warehouse inventories are at record lows and a copper supply deficit is set to widen as electrification demand will eclipse China as the main demand driver in the coming years. Times have never been better for the copper sector, and yet the feeling at the 2022 CRU World Copper conference in Santiago, Chile this week was subdued.

Paul Harris in Santiago
Copper leaders gather at CRU World Copper Conference in Santiago, Chile

Copper leaders gather at CRU World Copper Conference in Santiago, Chile

Things were very different the last time conditions for the red metal were so bullish, during the commodities super cycle in the last decade. Compared with the euphoric CRU World Copper Conferences in...

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