Copper is heavily used in the development of electric vehicles, their infrastructure, as well as in renewable power generation. Political instability in Chile, where much of the world's copper is mined, will also contribute to the problem, said I'Anson. Last month, the country's ruling coalition unexpectedly failed to garner the number of seats needed to draft a new constitution.
Last year, Chileans voted to rewrite the country's constitution after mass protests about inequality in Skip Navigation. Investing Club. Key Points. VIDEO Kpler is bullish on oil and iron ore this year, but long-term upside 'uncertain'. Squawk Box Asia. In terms of copper supply, two aspects that are also hindering supply are the lower grade and deeper deposits as well as market appetite and availability of projects, Stifel Financial analysts said.
The expected increase in copper demand is also a result of the sustainable energy generation and consumption agenda, part of the green energy drive by governments. Copper's long-term demand is backstopped by green energy and the push toward it, "as it is significantly more copper intensive than traditional, fossil fuel-based infrastructure," Stifel said. We believe a combination of short- and long-term market support in pricing. This was echoed by Bank of America.
What are the risks? Vaccine efficacy, delays to opening up economies and tighter monetary policy. On Jan. Related infographic: A new supercycle? Why commodities prices are surging in Please use the button below and we will bring you back here when complete. Latest in Commodities Listen: Easing lockdowns in Shanghai: a boost for container freight or a headache in the making? Latest in Market Insights.
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Copper prices have risen. jellt.xyz › article › five-reasons-copper-prices-have-r. (23 May ) Copper prices reached an all-time high of $10, per metric ton on May 9, marking a % growth since March 22,