The demand surge in metals like copper 'has only just begun,' according to Goldman Sachs. CNBC Pro screened for analysts' favorite copper stocks.
The demand surge in metals such as copper, nickel and lithium "has only just begun," according to Goldman Sachs. In fact, the bank said "green demand" is dominating fundamentals and is underappreciated by the market currently.
Accelerating U.S. EV demand, coupled with infrastructure incentives, implies that between 1.1 million and 5.7 million chargers will need to be installed by 2030, versus 130,000 today, according to UBS. This will lead to a significant rise in copper demand, the bank added. Commodities are also considered by some to be an attractive investment amid the current volatile markets.
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