Copper continues its strong rise amid the scarcity of supply and the increase in customs duties
Copper continues to achieve strong gains, taking advantage of the scarcity of supply and increasing the global trend towards electrification, to become one of the most prominent performances in 2025.
and according to a report issued by Saksu Bank, the Bloomberg Industrial Minerals Index increased by 2% during the last week, mainly driven by a wave of rise in copper prices, which raised the metal gains since the beginning of the year to about 22%. As for the Comics Stock Exchange in New York, high -quality copper contracts are traded near $ 5 per pound, after touched their highest historical levels at $ 5.37 in March, due to a proactive purchase before imposing new American fees on imports. Copper stocks in the London Stock Exchange warehouses recently, as a result of the acceleration of shipments towards the United States before the application of customs duties. "Production shrinkage" Where the prices of the near -term contracts increased compared to futures, which is a clear indication of the scarcity of supplies. Huge in China and the United States
China and the United States are one of the most prominent copper demand engines. Shamsi. Global
according to the International Energy Agency (IEA), global copper consumption is expected to increase from 26 million tons in 2023 to 33 million tons by 2035, an increase of about 26%, as a result of the global shift towards carbon removal and expansion of energy and communications infrastructure. New super? "Superior" New, similar to the one that we have seen in previous periods such as:
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1970-1990: Oil shocks and cash shifts after Bretton Woods
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2000-2020: accelerated manufacturing in China and India
the current session, which is believed to be launched in 2020, it may be feed in what is known as"The six major factors":
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Carbon removal
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Dismantling of globalization
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Increased defense spending
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Detailing to the dollar
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Changes Demographic
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climate change and dehydration. The future
Saksu Bank indicates that the current wave of rise for copper shows how the basics of the market can push prices strongly in the limited supply environment. And the strong motives in the long run, copper roaming its escalating position as"Future metal" In the world of sustainable energy and digital transformation.
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