Copper is still cheap
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YouTubeNicholas Crown
Copper is still cheap
Semis priced the AI build. Copper hasn't fully caught up. SOXX just printed fresh highs near 11,700, up over 140% trailing 12 months. Front-month copper sits at a record near $6.60 a pound, up roughly 41% in the same window. Same cycle. Every new fab pulls tons of copper into the supply chain before the first wafer ships. Every data center ...
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