BlackRock's Hambro on Commodities Cycle, Copper

The video discusses the current state of commodity markets, highlighting the parabolic price movements due to recovering demand and underinvestment in supply. It explores the low price elasticity of supply and the impact of financial demand on market peaks. The discussion includes the challenges of substitution in the current cycle, especially for essential commodities like copper, cobalt, and nickel, which are crucial for the green economy. Future price predictions and the time required for supply responses are also covered, emphasizing the unique dynamics of the current market environment.

What are the expected new price ranges for copper based on historical data?

How does the current demand for commodities relate to the greening of the global economy?

What challenges does the resource industry face in responding to increased demand?