🔥 Super Copper Rally: Is a new Andean cycle coming?
Copper is trading around US$ 6/lb, driven by a powerful combination:
⚡ infrastructure expansion for Artificial Intelligence
🔋 electrification and energy transition
⛏️ structurally tight supply
Chile and Peru —the main global producers— are back on the macro radar.
📊 What does this imply for markets?
• Improvement in terms of trade
• Appreciatory pressure on CLP and PEN
• Greater inverse correlation between copper and USD/CLP
• Margin expansion for miners
Additionally, a potential sectoral arbitrage is beginning to be seen:
the junior miners do not yet fully reflect the spot price compared to the majors.
🧠 Strategic reading
When commodities enter a technical breakout phase, it’s not just the asset that rises:
currencies, equities, and regional flows are revalued.
Are we facing a new mini-supercycle driven by the digital economy?
👇 Macro trade?
• Shorts on USD/CLP
• Exposure to miners
• Copper ETF
• Crypto hedge against weak dollar
I look forward to your thoughts.
#BinanceCreators #Macro #Copper #Commodities #LatamMarkets