Cocoa prices have surpassed those of copper, reaching over $9000 per ton. The rise in cocoa prices is primarily due to increased demand and disruptions to supply chains caused by the ongoing pandemic. This has resulted in cocoa becoming more expensive than copper for the first time in years.
The global copper market is facing a significant shift that could push prices to unprecedented heights by 2025, warns a group of renowned analysts. With increasing demand coupled with supply constraints, copper prices could surge over 75% in the next four years, potentially reaching record highs. This development has raised concerns about potential deficits and their impact on various industries and economies.
