PRESS ROOM
Copper continues its electrifying run
Wednesday 13th January '21
Copper has been the standout performer among industrial metals since the group started its recovery in March last year. According to the International Copper Study Group (ICSG), copper’s supply deficit became wider in the third quarter of last year (with the end of September being the latest data point available). The encouraging thing is that this has been driven by an increase in demand rather than a reduction in supply. Sentiment towards the metal, as observed through net speculative positioning on futures exchanges, has generally trended upwards since the second half of last year. Copper’s use in growing technologies including 5G, electric vehicles, and renewable energy is gaining traction among investors.