Record Copper Prices Are Threatening The Global Energy Transition

The supply chain disruptions which marked the early months of the coronavirus pandemic have cast a long shadow. Once economies around the globe began to reopen in the second half of 2020, numerous shortages cropped up across a variety of industries. Commodity prices skyrocketed. Crude oil, lumber, and important metals like copper and aluminum all saw prices surge to multi-year highs, sending negative effects rippling across the wide range of sectors that depend on these commodities. Copper Price Surge Eroding Renewable Margins The clean energy…