Goldman Sachs, a leading investment bank, warned in a recently released report that copper was slowly headed in the direction of a stockout. Barely a month ago, the metal breached the $5 mark for each pound ($11,000 for a ton). However, the price rally has since toned down, and copper futures are trading at approximately $4.7 per pound in New York.
In February this year, Goldman sounded the alarm and warned that a major supply shortage is likely to hit the copper market before the year ends. At that time, existing stocks amounted to…
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