Copper prices: prophecies or predictions?
Attempting to analyse the analysts. It doesn’t take a rocket scientist – or in this case, mining industry analysts – to work out that copper is going to play an important part in all our futures and in particular in the development of low carbon economies. Copper is essential for most things electrical and its in high demand for everything from electric vehicles to wind turbines and managing geothermal energy. Pretty much anything which creates, stores or distributes electricity requires copper. The price of doom and gloom Stable prices require an approximate balance of supply and demand. Where supply fails to meet demand, prices go up. Where there is too much supply, prices fall until there is parity. Given the rapid growth of electric vehicle production, especially in China, and the inexorable move to EVs in Europe and the US, plus increasing demand for wind turbines globally, demand for copper is already on the up. Copper used for other purposes such as roofing and piping, even do