Jeff Currie, Chief Strategy Officer at The Carlyle Group and former Global Head of Commodities Research at Goldman Sachs, has declared that copper is the new oil.
A couple of years ago, commodity pundits predicted that the green metal quartet of copper, lithium, nickel and cobalt would become the new age oil rivaling the total value of crude oil production amid the clean energy transition. A 2021 Eurasia Review analysis forecast that prices for the four metals could reach historical peaks for an unprecedented, sustained period in a net zero emissions scenario, with total value of production rising more than four-fold for the period 2021-2040.
, has returned 38.4% over the timeframe. has $2.1B in Assets Under Management AUM and a 0.65% expense ratio. The fund is designed to measure broad-based equity market performance of global companies involved in the copper mining industry.
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