Copper Prices Are Soaring On Growing Battery Metal Demand

A fair part of the bull story for copper this year has been supply-side fears. The world’s largest mines are in South America, which has suffered from catastrophic levels of coronavirus infections. True, China’s recovery has played a role in the booster’s case. So have the role of copper in the growing electric vehicle (EV) market and the weakening U.S. dollar, which has lifted all commodities. Copper outperforms other metals, including aluminum But just comparing copper to aluminum, the latter lifted only in proportion to the…