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Reasons for Copper’s Rally; Headwinds for Corporate Profits
Erik Norland, Senior Economist
CME Group
Five Factors Fueling Copper’s Rise
- Copper prices are up 125% from lows of March 2020
- Transition to electric vehicles boosting demand for copper
- China’s growth rebounded in the second half of 2020 after pandemic
- Copper supply has grown by less than 2% a year since 2013