Is Copper Heading to $15,000? [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
Three-month copper futures on the London Metal Exchange (LME) touched the $10k mark last week. The last time copper crossed this threshold was in March 2022, when it reached $10,845 per ton in the wake of Russia's invasion of Ukraine. Many copper experts currently predict a continued uptick in the base metal's price in the upcoming months, but for the wrong reasons. Be sure to stay ahead of the rising price of copper. Opt into MetalMiner's free Monthly Metals Index report and use it to anticipate market changes and make strategic copper purchasing decisions. The Rising Price of Copper: Supply Shortfall? Analysts attribute much of the copper price rise to soaring demand. Market demand for copper continues to increase, mainly due to the large role the metal plays in renewable energy. However, this latest round of copper price increases does not stem from demand alone; it is also because supply has repeatedly failed to keep pace with demand. For instance, copper supply continues
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