Copper "is the most compelling trade I have ever seen," Carlyle's Jeff Currie said on the Odd Lots podcast.
He thinks the metal's massive mismatch in supply and demand could push its price up to $15,000 a ton.
AdvertisementCopper supply issues are making the metal considerably more expensive, says commodities veteran Jeff Currie, who is very bullish on the opportunity.
He later added: "I just quote many of our clients and other market participants say it's the highest conviction trade they've ever seen."
Though not necessarily part of his acronym, artificial intelligence is also amplifying industry demand, Currie mentioned.
Persons:
Carlyle's Jeff Currie, Currie, —, Jeff Currie, Carlyle, Currie —, Goldman Sachs, policy's, copper's, deglobalization
Organizations:
Industry, Service, Bloomberg, US, BHP
Locations:
China, Panama