HDFC Securities investment advisory arm HDFC Tru has projected that copper may be entering the next phase of the global commodity supercycle, supported by strong structural demand drivers and long-term supply constraints.
In its latest report titled Copper: The Next Leg of the Commodity Supercycle, the advisory firm said the global commodities market appears to be witnessing a rotation from precious metals towards industrial and base metals, with copper emerging as a key beneficiary.