Copper is heading to a new ATH

Fundamentally, HG1! has a potential with the new green economy and its new applications. China was the dominant consumer of it but in the next term, not a country or countries but a sector, including EVs, will dominate the market and prices.

This is a long term prediction. I think current supply CAPEX is not enough for the next term. Thus, we can expect further real price increases in the next term.

The chart is based on Wyckoffian method. I think this is a re-accumulation phase. The next step will be the sign of strength.