The price of copper has fallen by nearly a third since March. Investors are selling on fears that a global recession will stunt demand for a metal that's synonymous with growth and expansion.
You wouldn't know it from looking at the market today, but some of the largest miners and metals traders are warning that in just a couple of years, a massive shortfall will emerge for the world's most critical metal — one that could itself hold back global growth, stoke inflation by raising manufacturing costs and throw global climate goals off course. The recent downturn and the under-investment that ensues only threaten to make it worse.
That's what Bloomberg says. Who invests for the next decade? I don't.
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