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Copper's Key Role in Europe's Green Energy Plans


Here’s a breakdown of what Europe’s green agenda could mean for copper, whether the region can meet its own supply needs and what analysts say about the challenges ahead. 
The essential role of copper in economies around the world is well known, but as governments continue to shift toward green energy, what could be in store in the long term for the metal? 
As the world moves away from fossil fuels, battery metals such as lithium and cobalt are getting attention for the essential roles they play in electric vehicle (EV) batteries. But copper also has a prominent place in the green energy future. ....

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Copper price roars to record high amid supply tightness, dollar's decline


The
Copper Monthly Metals Index (MMI) surged by 10.6% for this month’s reading, as the copper price has soared to a record high.
Become part of the MetalMiner LinkedIn group and stay connected to trends we’re watching and interesting metal facts.
Copper prices reach record highs
Last month, MetalMiner’s Stuart Burns dissected various views on the copper market after prices had retraced from a February peak of around $9,600 per metric ton.
Would the price go up or would it languish? As he noted, banks held differing opinions, with Goldman Sachs being particularly bullish on the red metal.
“JP Morgan is forecasting copper prices to peak at $9,000 per ton this quarter and slide back to $7,865 per metric ton over the second half of the year,” Burns wrote last month. “It argues more plentiful mine supply will take the steam out of the copper market. ....

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How this new forecast could put ASX copper shares under pressure


How this new forecast could put ASX copper shares under pressure
Bernd Struben | May 5, 2021 4:20pm |
More on:
With soaring copper prices, industry heavyweight
Oz Minerals Limited (ASX: OZL) has seen its share price surge 187% over the past 12 months.
The
Sandfire Resources Ltd(ASX: SFR) share price is up 64% at that same time, delivering more than twice the gains posted by the
That’s according to the latest supply and demand forecast from the International Copper Study Group (ICSG).
Is the copper price a bubble?
Economics 101 dictates that when demand for an asset is strong and supply is tight, prices rise. Conversely, when the supply of an asset exceeds ready demand, prices tend to fall. ....

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