Green Car Congress

MAY 1, 2021

The price of copper on the London Metal Exchange (LME) rose to $9,990/t on 29 April, marking a ten-year high and closing in on the record high LME price of $10,147.50/t In its new Copper Monthly Insights , Roskill said that the ongoing surge in copper pricing is taking impetus from President Biden’s new CO 2 targets.

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Price Peru Chile Chinese 418

Green Car Congress

FEBRUARY 20, 2021

On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. Roskill noted that although Chinese refined metal buying has cooled since an earlier frenzy, several end use subsectors remain busy. Trade data on Chinese copper imports in January and February are not due to be released until 8 March.

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Price Peru Chinese Chile 399

Baua Electric

JANUARY 7, 2024

Demand from China’s green energy sector, notably for electric vehicles and power infrastructure, is expected to underpin copper prices. The Chinese government’s potential moves, including lowering the Required Reserve Ratio (RRR) for major banks, could further energize metal demand and support copper prices.

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