Copper's weakness hides the demand to come

After reaching a high of $4.95 per pound in February 2022, the price of copper pedalled back, and is currently trading in the vicinity of $3.75 per pound. But what happened to the bullish predictions about soaring copper prices to come, mostly in response to the energy transition? According to Jon Mills, equity analyst at Morningstar Australasia, the fall in copper prices is temporary.