Copper mine

The copper price is expected to rise 30 to 35 percent this year, asset manager OFI forecasts.

(Photo: BHP Billiton)

frankfurt When it comes to industrial metals, the experts agree. Benjamin Louvet, a fund manager at asset manager OFI, says: “We expect prices of virtually all base metals to rise in 2023. Depending on the metal, you see 10 to 20 percent increase, and more. Bank of America commodity analysts are similarly bullish, and Goldman Sachs even believes in a commodity super cycle..

Experts are optimistic about the positive effects of the relaxed Covid restrictions in China on the global economy, the prospect of interest rate hikes coming to an end soon, and the energy transition. Decarbonizing economies requires a lot of copper, aluminum or zinc, that will trigger a real boom.

Investors who believe this scenario is likely can bet on higher industrial metal prices in a number of ways. The Handelsblatt presents four paths. The possible earnings are lucrative; however, this form of investment is not for the faint of heart.

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