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 Copper Price Trends in the First Half of 2021

In the first half of 2021, the LME copper price is expected to approach or even exceed US$10,000/ton.

After global demand recovers and inflation rises, it is expected that monetary policies in Europe, America, Japan and other countries will be tightened, and copper prices will be adjusted.

copper price trend


However, in the long run, copper demand for electric vehicles, charging piles and supporting power grids will grow rapidly under the background of carbon neutrality.

As well as energy storage, photovoltaic and other clean energy development will significantly drive the growth of copper demand. Copper prices are expected to be a long-term strong market after the monetary policy tightening caused a temporary adjustment in copper prices.