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Copper is the new gold. And nobody is paying attention. - A single AI data center needs 50,000 tons of copper. One facility. - The world is building 527 new data centers right now. Every one is a copper extraction. - S&P Global projects a 10 million ton shortage by 2040. - It takes 19 years to open a new copper mine in the US. AI needs copper now. - Ore grades collapsed 40% since 1991. We’re digging deeper for less every year. - Jensen Huang the NVIDIA ($3T) CEO is bullish on copper - JPMorgan says data center copper demand hits 475,000 tons this year. 4x last year. Everyone is stacking gold. The smart money is quietly stacking copper. By the time the masses notice, the mines will already be empty.
*COPPER HITS $14,000 A TON ON LME, NEARING ALL-TIME HIGH
This week's Market Outlook is now live: ostium.com/blog/market-ou… In this week's post, I have covered 5 assets that my macro regime model is long for May, all of which can be traded at @ostium: $NDX $BRENT $XCU $USDJPY and bitcoin:native I've looked at recent price-action and provided my thoughts on the coming weeks inc. some discretionary setups that are forming, plus discussed where I differ from my systematic model on expectations for May Enjoy the read 🫡
Gold and Silver extend losses Copper UP !
Copper looking very interesting here tbh
