Copper Prices Have Surged, Why?

Copper prices have surged to all-time highs (doubling over the past year).

One of the drivers of this increase in prices is the surge in demand by automakers as they transition their fleet to all-electric vehicles (EV).

To manufacture an EV, it takes four times the amount of copper than a traditional combustible engine vehicle.

If your business relies of metals such as copper, get ready for a wild ride in prices and availability.

Get our free Commodities Trading Strategy Checklist here to avoid making some common mistakes in commodities trading.

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