Global copper market

The global copper market involves the production, distribution, and sale of copper, a vital metal used in electrical wiring, construction, and electronics due to its excellent conductivity and durability. Copper prices are influenced by factors like mining output, technological demand (especially for green energy and electric vehicles), economic growth, and geopolitical stability. When demand rises or supply shrinks, prices increase; conversely, oversupply or slowing economic activity can lower prices. Copper is considered a bellwether for global industrial health, reflecting broader economic trends and technological advancements.