Read the article posted above. Major points
1.) No significant copper mine has been discovered in the past decade.
2.) Costs of producing copper are increasing because of low availability of cheap electricity in the key copper producing regions
3.) The Chinese have begun stockpiling more and more copper. The copper stored in the Shanghai metal exchange is now more than that stored in the London stock exchange.The last time this happened was in 2005. Look at the copper prices back then. The chinese are good at anticipating their own copper demand and future prices. They want to buy it now when it’s still relatively cheap.
4.) Solar panels need copper, wind turbines need copper, ev’s need copper, infrastructure needs copper. Vedanta is planning to double it’s copper smelting capacity to meet anticipated demand,
5.) One of the world’s largest copper producers in the world, Codelco, is predicting that copper will touch 10000$ from the current 7000$
6.) Look the profits of copper mining companies in Chile, USA and Australia for this quarter . They have gone up humongously, much like Hind copper today .
Disclosure : Invested.