🧠OIL VS COPPER: The Great Divorce of the Global Economy

For decades, oil and copper prices moved like dance partners in perfect sync — rising and falling with the rhythm of global economic cycles. But since late 2022, the music has changed. While Brent crude has dropped 27%, copper surged 20%. This isn’t just a market anomaly — it’s a massive structural shift in the global economy.

So, what’s driving this historic divergence?

The Fall of Oil:

• Global oil demand is losing momentum, especially from key players like China, which is slowing down under the weight of its own economic headwinds.

• Meanwhile, U.S. shale producers continue to pump aggressively, creating a persistent supply glut.

• Oil is increasingly seen as a relic of the old industrial world, tied to outdated energy systems and fossil-fueled consumption patterns.

The Rise of Copper:

• Copper is the unsung hero of the green energy revolution.

• The EV boom, solar farm expansion, and the urgent need to modernize outdated electrical grids are driving unprecedented demand for copper.

• And while demand soars, supply struggles to keep up. Political instability in major copper exporters like Chile and Peru is disrupting output, pushing prices even higher.

In essence, copper has become the metal of the future — the core resource for electrification, decarbonization, and next-gen infrastructure. Oil, on the other hand, is slowly becoming a symbol of a fading era.

This isn’t just a temporary market blip; it’s a signal of where capital and innovation are flowing. The financial world is placing its bets — and it’s clear which side looks more promising.

Question for #AMAGE Community:

Is this the final break between “old world” energy and the technologies of tomorrow? Will copper become the new gold in the digital and green economy, or will oil stage an unexpected comeback?

Let’s hear your view — are you investing in the future, or still hedging with the past? Drop your take below!