Listen: Why copper is the new black gold
Ambitious new targets for cutting carbon emissions, announced at this week's climate summit, and bold spending plans have fuelled optimism about the green revolution and helped to power a rally in the raw materials that will underpin the transition. In this podcast, Warren Patterson looks at which commodities stand to benefit the most
US President Joe Biden on Thursday pledged to cut greenhouse gas emissions in half by 2030, prompting other countries around the world to step up their own efforts in the fight against climate change. The EU enshrined its climate targets into law this week while the UK vowed to cut carbon emissions by 78% by 2035.
Optimism over the green transition, and new funding from Biden’s infrastructure package, Europe’s Green Deal and Britain’s Build Back Better plan, have pushed up metals prices this year. In this podcast, Warren Patterson, Head of Commodities Strategy, tells Senior Editor Rebecca Byrne which raw materials will benefit the most and whether rising investment in green infrastructure could herald a new supercycle for commodities.
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