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12 May
15:13

COPPER, NICKEL, COBALT, LITHIUM: Bank of America sees bright future for power materials

Bank of America predicts a multi-faceted rally in nearly all metals important for future technologies (MIFTs) for both the near- and medium-term, according to a report by commodity strategist Michael Widmer.  The rally has four main components - economic growth from fiscal stimulus, demand for MIFTs, supply shortages, and investor interest, Kallanish understands. Decarbonisation could push copper to $13,000/tonne within 18 months. Nickel prices are being squ…
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