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The aviation industry has faced some of the worst impacts of the novel coronavirus pandemic, with travel bans and lockdowns severely affecting air travel. However, there are indications that the industry will recover: data shows that in July 2020, airline passenger numbers rose by 7% globally, compared to June. In some countries (such as China and Australia), July passenger numbers even outpaced those seen a year ago.
Copper is tipped to become the new oil as its demand escalates for being one of the most critical commodities in the world’s quest for zero emissions. However, given rising demand and copper market deficits, does the world face the possibility of running out of copper or are we on the brink of a new commodity super-cycle?