-
Will EV Demand Hold Copper Prices Up Long-Term?
The Automotive MMI (Monthly Metals Index) continued to rise month-over-month, this time increasing by 3.04%. Aluminum and platinum prices rose significantly, which pulled the index up and provided significant bullish price action. Meanwhile, copper prices also added some bullish sentiment to the index, though not quite as much as in May. Copper prices continue to be a hot topic of debate, with the recent rally, speculative purchasing and supply concerns causing ample volatility in the global copper market. With this vital metal being a necessity for vehicle construction, how will this price volatility impact the U.S. ... (full story)