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Prinsights with Nomi Prins

The World Is Hoarding Copper at Rapid Pace

Governments are moving to ringfence copper inside their borders, just as the market tips into its deepest deficit in more than 20 years.

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Nomi
Aug 12, 2026
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Copper just hit a new record high, fast approaching our 2026 forecast of $7 per pound. The COMEX copper futures contract closed last night at around $6.66 a pound, while copper in London held near $1…

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