copper market

Copper is a metal widely used in construction, electronics, and manufacturing due to its excellent conductivity and durability. Its market value depends on global supply and demand: when economies grow and infrastructure expands, demand increases, boosting prices. Conversely, when production slows or demand drops, prices decline. Copper prices are also influenced by factors like mining costs, political stability in producing regions, and broader economic trends. As a commodity traded internationally, copper acts as an economic barometer, reflecting industrial activity and global growth prospects. Overall, its market balances the complex interplay of production, consumption, and economic conditions worldwide.