A copper producer CEO argues that despite potential downside from AI-related trade tensions, the long-term case for higher copper prices remains strong if U.S. tariffs are avoided and stability returns to the Persian Gulf. He sees sustained demand and geopolitical factors as key drivers for the metal’s valuation.
While there’s a bear case to be made on copper if the AI trade blows up, if Trump eschews tariffs or if peace descends over the Persian Gulf, the long-term rationale for higher prices is solid, a listed copper producer executive says.
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