Cocoa still more expensive than Copper

Just a reminder that the metric price per ton of Cocoa ($10,895) is still more expensive than the metric ton of Copper, which is trading at $9,800.

While you can recycle copper, it’s supply is tempered because amongst other things, it can take 10+ years to bring a new mine into production.

Cocoa, on the other hand, is “replenished”. There are 2 harvests per annum.

April 19, 2024