Just last week, copper hit new highs of $4.62 per pound on the Commodities Exchange (Comex) on Valentine's Day and $10,190 per metric tonne on the London Metals Exchange (LME) the next day. Based on the fundamental supply and demand picture, many analysts were expecting it to go higher, eyeing the $5 mark. But since then it has dropped back to four-week lows, with the Comex prices down more than seven percent at press time. Where it goes from here is anything but clear.
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.