Five Reasons for Rising Copper Prices

Published by
The Street

By Erik Norland, CME Group Copper prices have followed China’s pace of growth. With so many factors affecting copper now, will China continue to be a barometer? Copper prices have risen 125% from their March 2020 lows and have been among the commodities that have reached record high prices since the pandemic began. Several factors have contributed to copper’s rally. Following is a look at each, in detail. Slow Growth in Copper SuppliesOver the past three decades, mining output for copper grew far more slowly than for most other metals, rising just 123%. Over the same period, aluminum productio…

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