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"De-Globalization Endgame": Deutsche Bank Warns Historic Copper Squeeze Could Ignite 50% Rally

"De-Globalization Endgame": Deutsche Bank Warns Historic Copper Squeeze Could Ignite 50% Rally London copper prices are near record highs at the start of the week, reinforcing the supercycle commodity bull-cycle thesis former Goldman Sachs commodities chief Jeff Currie outlined in August: "get long and buckle up." The convergence of tight physical markets, currency debasement and policy intervention is creating conditions for a sustained repricing of scarce resources. From refined petroleum products and rare earths to industrial metals and certain agricultural commodities, tightening physical markets underpin our "own the bottlenecks" theme. Deutsche Bank's...
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