May 16, 2024 BY Elizabeth Anderson

High Demand For Copper Sends Price Soaring

At one stage, copper reportedly traded at $5.02 per pound. This commodity’s price has increased by 25% this year. Based on CNBC, copper underpins economic well-being and digitisation as it plays a pivotal role in energy transformation. Sectors involving the production of electric vehicles (EVs), power plants, and renewable energy solutions all depend on copper.…

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