What is the price of copper?

On Friday, copper gained 2.5% to US$8569.90 per tonne, or $3.91 per pound, the highest price since June. The red metal is enjoying improved sentiment since China announced its reopening. or Start a £1 trial to read the full article.

Can copper continue to make a strong start to the year?

Copper has already made a strong start to the year. Can it continue? On Friday, copper gained 2.5% to US$8569.90 per tonne, or $3.91 per pound, the highest price since June. The red metal is enjoying improved sentiment since China announced its reopening.

Is copper the new oil?

As a cost-effective metal, copper is majorly important in the process of creating, storing and distributing clean energy from the wind, sun and geothermal sources as it has the physical attributes needed to do so, Goldman's team of analysts, led by Jeff Currie, said in a report titled "Copper is the new oil".

Will rising copper prices increase economic activity?

Essentially, rising copper prices could signal increased demand and therefore increased economic activity, and vice versa for when copper prices fall. After declining as much as 17% from its early 2023 high, copper prices have staged a rebound, jumping as much as 12% from its May 25 low to a high of $3.96 per pound on Thursday.