The Turbulent Copper Market: A Year of Ups and Downs
Over the past 12 months, copper prices have been on a rollercoaster ride. After hovering around $3.75 per pound for months, the price surged past $5 in May, only to plummet back down below $4 in August. However, in recent days, the metal has staged a comeback, leaving many to wonder what’s driving this volatility.
Despite the fluctuations, one thing is clear: copper remains a highly sought-after commodity. As the global economy continues to evolve, the demand for this versatile metal is likely to remain strong. But what’s behind the recent price swings, and what can investors expect in the months ahead?
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