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I bet the copper craze has got something to do with EVs of which there aren’t that many on the road yet, but the announced production plans are enormous. Take VW, the company has committed to buying 50bn€ worth of batteries, I bet they’re also securing copper supply in size
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"buy commodities" is the higher-brow "buy gold" (oil is weird though and doesn't always count)
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ties into the inflation hypothesis as well if you think money's about to tank, invest in something with less flexible value ugh
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Come on, when you invent 23% of all US dollars in a single year, they have to go somewhere.
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