Currie: Copper Is the New Oil

Jeff Currie, chief strategy officer at Carlyle Group, says copper is the new oil. He's also bullish on oil and shares his thoughts on gold demand "Bloomberg Surveillance."
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[@ChiakiShirakawa]

No More David Copperfield

[@ELIOSANFELIU]

Jeff Currie is right¡¡He has a lot of hard data¡¡Copper moves water;information;energy and money(A lot of money globally)¡¡Chile has the major reserves of copper in earth¡¡Chile produces 31,9% mine copper yearly globally¡¡¡Base metals chinese demand is =35%-45% every year all over this so wonderful world due its serius demographic problem¡¡In my view,copper outlook remains price-positive in the long term¡¡May be we can see copper prices in a range=US$6,15 /LB CASH GRADE A (SPOT MARKET) in Q1 2025¡¡Why not??¡¡Copper is the big star in EV industry,the longest business of this century to mitigate climate change negative effects as well as to eliminate CO2 emissions globally¡¡Very best¡¡

[@ELIOSANFELIU]

Chile is a vital metal in battery revolution right now¡¡Also copper is very important in energy transition towards 2050¡¡Chile is=COPPERLAND¡¡Thank you¡¡Nice to see you here¡¡

[@Duke_of_Prunes]

I have been hoarding up stripped copper wire for a few years now -- need to see what the scrap yard will pay for my big spool! 😂

[@rolandnelson6722]

Wait

[@Duke_of_Prunes]

@@rolandnelson6722 Will do.

[@Blackridge.]

No currie, oil is, was and will likely always be the new oil. Every few years people try to replace oil as the biggest commodity. First with water, later "Data" and now copper.

[@chi-jenyang9752]

Don't forget microchip, which was also the new oil.

[@jurassicthunder]

this time is different

[@WARRENBUFETT]

I'm wearing my oil bracelet.

[@syedarmaghanhassan4652]

3:37 excuse me; commodities are the best performing asset class? Not the stocks like NVIDIA, Meta, Google, Microsoft, Costco, etc. ?

[@syedarmaghanhassan4652]

which stocks could see the benefit of rising copper price?

[@masdmi8453]

@@syedarmaghanhassan4652 HIRU is getting in to cooper with Qatar royals backup, is just ground entry point right now.

[@anaconda470]

I have a feeling that the EV market is just another bubble. Without huge government push and regulations there's no great demand for these vehicles. Nor EVs are able to provide what is being promised. What's more EVs have to be charged from powerplants. So at the end of that chain is still oil, coal or nuclear.

[@sociolocomtsac]

EVs can be charged with my solar panels. Also 4x more efficient per energy unit. Oil is not going anywhere, however. EV bubble popped a year ago, buddy. Check out the EV stock prices and lithium prices.

[@anaconda470]

@@sociolocomtsac I didn't know you can do that :) I prefer nonEVs as they're cheaper, I can fix them myself and they give me range far exceeding any electric. I think the bubble is still growing as the governments are trying to force people to use EVs. Now it's copper. Dunno, feels like artificial pumping of the market.

[@michael2275]

@@sociolocomtsac Can't make solar panels without fossil fuels... there's no free lunch in energy.

[@sociolocomtsac]

@@michael2275 Can also make solar panels with nuclear, geothermal, hydro, wind, etc. Fossil fuels are not the only energy option. Fossil fuels will indeed be part of the energy mix, but won't be as dominant as it is today.

[@KK-sg5gl]

Coffee prices has gone up so much that the FED took it off the CPI calculations. Are you going to expose the FED corruption and manipulation?

[@markcameroon6613]

VINCE McMahon from WWE to COPPER STACKING

[@vijaymuppala7372]

Thanks

[@PissonZionists]

AI is a private sector , doesn’t need a government approval

[@stevep9041]

The question then is why silver hasn’t done this and more.

[@AntonioEduardodeOliveiraAlvesC]

Bom dia nacional brasileiro

[@alphathefirstone1222]

It the move from Analog to Digital.. All metals, crystals will rise due to new countries coming online !!

[@dalepetersen1166]

Doesn't take any more copper to do the AI thing that it did to do the initial computers of the 90s there's not that much copper in a wind turbine or a solar panel most of its steel

[@ryantourney2879]

World copper supply is down due to several big copper mines being shut down. I'm hoping for $6 or $7 copper per pound, if not higher.

[@mayhem4markets]

Oof