{"id":116641,"date":"2021-06-17T07:14:33","date_gmt":"2021-06-17T07:14:33","guid":{"rendered":"https:\/\/fin2me.com\/?p=116641"},"modified":"2021-06-17T07:14:33","modified_gmt":"2021-06-17T07:14:33","slug":"copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/","title":{"rendered":"Copper supply shortfall could linger as green initiatives spur demand, analyst says"},"content":{"rendered":"<ul>\n<li>The underinvestment in copper over the past decade is causing supply problems now, at a time when prices have shot up and green initiatives create higher demand for the metal, says commodity analyst Reid I&#x27;Anson of market intelligence firm Kpler.<\/li>\n<li>Earlier this year, copper prices hit their highest level in a decade. So far this year, copper prices have risen about 21%.<\/li>\n<li>&quot;So a lot of these firms are now realizing that prices are higher and they want to take advantage, but the lead time to get new mines online is going to take quite a long time,&quot;\u00a0he said.<\/li>\n<\/ul>\n<p>The underinvestment in copper over the past decade is causing supply problems now, at a time when prices have shot up and green initiatives create higher demand for the metal, says commodity analyst Reid I&#x27;Anson of market intelligence firm Kpler.<\/p>\n<p>&quot;A number of producers in this market has grown extremely conservative over the past decade. This has really caused underinvestment to kind of percolate through the supply chain, and obviously now that&#x27;s creating problems,&quot; I&#x27;Anson told CNBC on Wednesday.<\/p>\n<p>From electronics to home construction, copper is used extensively in manufacturing and demand for the metal is seen as an economic bellwether. Earlier this year, copper prices hit their highest level in a decade. So far this year, copper prices have risen about 21%.<\/p>\n<p>&quot;So a lot of these firms are now realizing that prices are higher and they want to take advantage, but the lead time to get new mines online is going to take quite a long time,&quot;\u00a0he said.<\/p>\n<p>Looking ahead, the demand for copper is only going to pick up. One key factor is the drive toward sustainability as governments spend more on green initiatives, said I&#x27;Anson.<\/p>\n<h2>Read more about electric vehicles from CNBC Pro<\/h2>\n<p>EV stocks are &#x27;overpriced&#x27; \u2014 but there&#x27;s a good way to play them, says strategist<\/p>\n<p>BofA picks 3 auto stocks to buy as &#x27;car wars&#x27; heat up<\/p>\n<p>Citi upgrades Nio, says growing EV demand in China can lift stock more than 50%<\/p>\n<p>Copper is heavily used in the development of electric vehicles, their infrastructure, as well as in renewable power generation.<\/p>\n<p>&quot;I think that the metal will do quite well, given the fact that you&#x27;re gonna have a lot of westernized economies &#8230; willing to spend a lot of money to make sure that they are &#x27;greening their economy&#x27; and that&#x27;s going to require a lot of copper input &#8230; moving forward,&quot; I&#x27;Anson said.<\/p>\n<h2>Chile instability a risk to copper<\/h2>\n<p>Political instability in Chile, where much of the world&#x27;s copper is mined, will also contribute to the problem,\u00a0said I&#x27;Anson.<\/p>\n<p>Last month, the country&#x27;s ruling coalition unexpectedly failed to garner the number of seats needed to draft a new constitution. Last year, Chileans voted to rewrite the country&#x27;s constitution after mass protests about inequality in 2019.<\/p>\n<p>&quot;You also have some uncertainty around Covid, which is making new investments slower than what was originally expected, say, six to 12 months ago,&quot; said I&#x27;Anson. &quot;So Chile, which is a key copper producer, is struggling to set a timeline for large investments that need to take place to meet the supply shortfall that is already apparent within this market now.&quot;<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/06\/17\/copper-prices-rise-amid-green-sustainable-initiatives.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The underinvestment in copper over the past decade is causing supply problems now, at a time when prices have shot up and green initiatives create [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":116640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Copper supply shortfall could linger as green initiatives spur demand, analyst says - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Copper supply shortfall could linger as green initiatives spur demand, analyst says - Fin2me\" \/>\n<meta property=\"og:description\" content=\"The underinvestment in copper over the past decade is causing supply problems now, at a time when prices have shot up and green initiatives create [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-17T07:14:33+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/06\/Copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/\",\"url\":\"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/\",\"name\":\"Copper supply shortfall could linger as green initiatives spur demand, analyst says - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-06-17T07:14:33+00:00\",\"dateModified\":\"2021-06-17T07:14:33+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/fin2me.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Copper supply shortfall could linger as green initiatives spur demand, analyst says\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Copper supply shortfall could linger as green initiatives spur demand, analyst says - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/","og_locale":"en_US","og_type":"article","og_title":"Copper supply shortfall could linger as green initiatives spur demand, analyst says - Fin2me","og_description":"The underinvestment in copper over the past decade is causing supply problems now, at a time when prices have shot up and green initiatives create [...]","og_url":"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/","og_site_name":"Fin2me","article_published_time":"2021-06-17T07:14:33+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/06\/Copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/","url":"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/","name":"Copper supply shortfall could linger as green initiatives spur demand, analyst says - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-06-17T07:14:33+00:00","dateModified":"2021-06-17T07:14:33+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/markets\/copper-supply-shortfall-could-linger-as-green-initiatives-spur-demand-analyst-says\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/fin2me.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"Copper supply shortfall could linger as green initiatives spur demand, analyst says"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/116641"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=116641"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/116641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/116640"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=116641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=116641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=116641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}