NEW YORK: A year into the red-hot bull run in industrial metals that’s lifted copper to record highs, investors are still piling in, staking billions of dollars that it won’t run out of steam any time soon.
The word from Wall St is “don’t stop buying now, ” with Goldman Sachs Group Inc and Bank of America Corp among those advising investors to load up in anticipation of a long-term rally fuelled by the world’s recovery from the pandemic and a spending splurge on renewable-energy and electric-vehicle infrastructure.
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