The Current Copper Price
The kupferpreis aktuell price has been volatile over the past year and has yet to return to its record highs of March 2022. But don’t write off the red metal just yet. Copper is a key component of energy transition technologies like renewable power generation, transmission infrastructure and battery technology for electric vehicles. The demand for these new technologies is expected to drive the copper market in the long term.
But a number of factors are weighing on copper prices, including China’s economic recovery from Covid-19 lockdowns, and rising interest rates in the US and Europe that may slow global growth and reduce copper demand. Also, protests at Peru’s Las Bambas mine could further curtail supply.
Analyzing Historical Data to Predict Kupferpreis Aktuell
Despite these headwinds, the copper market is poised to rebound in 2023 and beyond as demand for energy transition technologies accelerates. “If you think about the ‘generational shift’ to renewables, you need a lot of copper,” says Chu. “You need to run the wires from wind or solar farms to where they’re going to be used.”
And that’s why copper’s surge this year has prompted some investors to seek exposure to the metal, which can help protect against the volatility of fossil fuels while providing a yield. But before investing, it’s important to do your own research. And never invest money that you can’t afford to lose. For more information, visit BNY Mellon’s Investor Center.
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