Corporate Profits and Copper’s Rally

Reasons for Copper’s Rally; Headwinds for Corporate Profits

Erik Norland, Senior Economist
CME Group

Economic Research

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

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