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Copper prices were seen breaking out to their highest levels in two years today. A combination of a weaker US Dollar and developments within the Chinese macro backdrop have helped fuel a fresh wave of buying. Copper futures are now up around 30% off the YTD lows and look poised for further gains with price now trading at fresh YTD highs. A jump in US ...
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Copper is considered an essential metal for the clean energy transition because it is a great conductor of electricity. As a result, governments around the world have been encouraging the construction of new mines, and mining companies have been seeking new projects and acquiring existing mines to meet the growing demand. In this graphic, we illustrate ...