Copper: balancing Brexit bureaucracy with high demand
Considering a shiny red metal in a post pandemic world. Global commodity markets function according to their own internal logic. So do the bureaucrats and civil servants tasked with unravelling the implications of Brexit. Throw in projected increases in demand for copper and copper alloys, and the future looks interesting. With clients in the EU and with most of our copper sourced from outside the UK, we’re positioned right at the heart of a copper-coloured matrix. This is not without its challenges, but it also gives us unique opportunities to see what’s going on. Buying and selling the future Copper prices are determined by the commodities markets in a complex interaction of actual and predicted supply and actual and predicted demand. Despite the reputation of commodity markets to fluctuate wildly on whim and rumour, the reality is that trends tend to be very rational over the medium and long terms. In 2020 the markets struggled with competing pressures of reduced production, pandemi