Copper’s Demand Dynamics

By Erik Norland, Senior Economist, CME Group

China’s Economic Rebound Lifted Copper

• ​​​Copper prices have more than doubled even as global economy waned.
• China’s economic rebound has been pivotal to surge in copper prices.
• Demand for manufactured goods rose amid service-sector lockdown.
• Could reopening of service sector blunt the copper market’s rally?