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Copper Defies Downdraft in Metals, China Growth
Copper prices have charted their own course over the past two years, decoupling from base metals such as steel, battery metals lithium and cobalt, and ferrous metal aluminium. While copper prices have risen by about 2% from the end of Q1 2022, steel prices are 26% lower over that period, aluminum prices are down 29% and the prices for cobalt and lithium used in EV batteries have tumbled by 64% and 77%, respectively (Figure 1). Not only has copper defied the general downdraft in the prices of other industrial and energy transition-related metals, it has also bucked the downtrend in crude oil, with which copper has ... (full story)
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From @DBNewswire|May 15, 2024post: Fed’s Kashkari: Fed is Focused on Underlying Demand in the Economy to Get Inflation Down Kashkari: Americans Have Been Spending More Than I Would Have Expected post: <=USD>:
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- Posted: May 15, 2024 1:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 240
