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1081 days ago • Posted by William Ramstein

Copper hits $10,000--highest level since 2011

''Copper is used in everything from household appliances to electric vehicles and wind turbines. As the most cost-effective conductive metal, it is expected to play a crucial role in the shift away from hydrocarbons to more sustainable sources of energy, including solar and wind.'' Freeport McMoRan is the world's largest publicly traded copper company. Their CEO said demand is seeing a surge and higher prices will continue to meet needs and constraints.

Source: FT

#Commodities
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