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by iluxonchik
143 days ago
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AI infrastructure is built on copper. From a technical standpoint, copper is currently flipping a ≈20 year old resistance for support. On a monthly chart, copper is in a multi-year upwards channel, and it’s now close to the upper trend line of that channel. Copper is also at record lows when priced in terms of gold and silver. From a fundamental, supply/demand perspective, copper is required for electrification, data centers, new buildings, electric vehicles, and electric appliances in general. |
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