Saturday, July 5, 2025

Latest

Copper Prices Soar to 10-Year High Amid Low Supply and Industrial Boom

Copper prices soared to a 10-year high this week, as an industrial rebound from the Covid-19 pandemic, coupled with the Biden administration’s latest infrastructure spending announcements, fuel expectations of higher demand for the metal.

Following some instability in March amid renewed concerns over lockdowns across Europe and a strengthening US dollar, copper has once again regained its bullish trajectory. The metal has risen 11% since the beginning of April, to above $10,100 per tonne— the highest since the 2011 commodity boom. Indeed, the latest copper rally comes as reflation signals flash red, further threatening to send the metal skyrocketing even higher.

The latest plans of an infrastructure overhaul in the US has fuelled speculation in support of copper prices. The Biden administration’s “Build Back Better” plan promises to allocate hundreds of billions of dollars towards renewable energy technology — in which copper plays a significant role given its conductivity characteristics.

On top of that, the pandemic-induced shift to remote work, as well as a broader movement towards a digital economy, have caused demand for electronics to soar, further supporting the copper rally. “Technology, semiconductors, data centers, and cellular towers all require significant copper usage,” Bank Wealth Management senior investment strategist Rob Haworth told MarketWatch.

At the same time, investments in copper supply have been drying up over the past several years, leaving manufacturers competing for scarce copper resources and thus driving prices even higher.


Information for this briefing was found via MarketWatch. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

How One Mining Stock Delivered 3,200% Returns | Wojtek Wodzicki – NGEx Minerals

In this interview, Wojtek Wodzicki, CEO of NGEx Minerals (TSX: NGEX), reveals the remarkable transformation...

Saturday, April 26, 2025, 09:26:00 AM

Another Metal Theft Caused European Copper Producer To Lose Hundreds Of Millions

Aurubis AG, Europe’s leading copper producer, faces potential losses in the hundreds of millions of...

Friday, September 1, 2023, 01:19:00 PM

Pegasus Resources Expands Vertebrae Ridge Property Following Positive Assays

Pegasus Resources (TSXV: PEGA) has staked additional claims at its Vertebrae Ridge property near Golden,...

Thursday, February 4, 2021, 09:06:03 AM

Copper Breaches $5-Per-Pound Mark Amid Supply Constraints And Speculative Demand

Copper futures soared to a record high of $5.13 per pound before easing to $5.05...
Wednesday, May 15, 2024, 12:42:55 PM

Gold Heading Above $2000? – The Daily Dive feat John Mark Staude

Today on The Daily Dive, we have John-Mark Staude, CEO of Riverside Resources (TSXV: RRI)....

Tuesday, November 10, 2020, 01:00:00 PM