2024-05-27 17:00:00 ET
Copper miners with productive assets have much to gain as supply and demand tighten.
The copper price hit a new all-time high of US$10,954 per metric ton (MT) on the London Metal Exchange and US$5.20 per pound on the COMEX on May 20 on the back of increasing demand and growing supply concerns.
While construction and electrical grids have long been major markets for copper, today the rise in demand for electric vehicles (EVs), EV charging infrastructure and energy storage applications are emerging drivers of copper consumption.
For further details see:
Top 10 Copper-producing Companies (Updated 2024)