share_log

Copper To $40,000 A Tonne, Says Hedge Fund Titan Pierre Andurand: What ETF Investors Should Watch

Benzinga ·  May 27 22:59

The investment landscape for copper has been ignited by recent bullish predictions, particularly from prominent hedge fund managerPierre Andurand.

Andurand's forecast of copper prices reaching $40,000 per tonne underscored a compelling investment opportunity in copper miner stocks and theGlobal X Copper Miners ETF(NYSE:COPX).

Here are the drivers behind his optimistic outlook for copper. Benzinga will also touch upon the performance and holdings of the Global X Copper Miners ETF and examine technical indicators to present a comprehensive case for investors.

Copper Demand-Supply Dynamics

Copper, a critical metal in the energy transition, is poised for significant...

Login or create a forever free account to read this news
Sign up/Log in
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment