Copper price chart, background, and sentiment |
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Copper is an essential industrial metal that plays a major role in multiple sectors, including construction, electronics, transportation, and renewable energy. Its electrical and thermal conductivity make it indispensable in wiring, electrical components, and infrastructure development used in many industrial applications.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
As an industrial metal and base metal, copper’s price is closely tied to global economic conditions, industrial demand, and supply dynamics. It is heavily used in construction for plumbing, roofing, and wiring, contributing to its sensitivity to changes in construction activity and infrastructure projects. Accordingly, copper tends to follow economic supercycles and is correlated to overall economic growth.
Copper’s price characteristics follow industrial demand, and the metal is heavily traded by both hedgers and speculators. For speculators, copper is usually used to express a long view on industrial growth, or anticipation of supply shortages and subsequent price squeezes.
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