Copper surged to record highs
on Monday as a recent rally triggered by short covering created
momentum for speculators and funds to bet on higher prices of
the metal. Below are the main.
Copper surged to record highs on Monday as a recent rally triggered by short covering created momentum for speculators and funds to bet on higher prices of the metal. Below are the main facts about the copper market, sourced from the International Copper Study Group (ICSG), the International Copper Association (ICA), and Reuters data. Copper is used in the power and construction industries and is widely expected to benefit in future from the green energy transition via additional demand from the electric vehicle sector and new applications including data centers for artificial intelligence (AI).
Factbox-Main Facts About the Copper Market as Prices Hit Record Highs usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
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