Goldman Sachs: Historic Copper Shortage Loom As Prices Rocket

The endless flood of both central bank and fiscal stimulus means that hundreds of billions of liquidity - to the tune of approximately 0.7% of global GDP every single month... ... are entering the market every month, and the result is not only the continued push higher in risk assets but soaring commodity prices, with industrial metal prices powering to the highest in years on bets an economic recovery and worldwide push for cleaner, greener energy will unleash vast, pent-up demand. As the chart above shows, nowhere has the recent surge been more…