Introduction:
Thedemandforcopperhasbeenincreasingatasignificantratewithitsextensiveusageinvariousapplications,includingelectronics,construction,transportation,andrenewableenergysystems.LondonCopperFuturesExchangeisknownfortradingcopperfuturescontractsthathaveasignificantimpactontheworldwidecopperprices.ThisarticleaimstoanalyzetherecenttrendsintheLondonCopperFuturesmarketandprovideinsightsintoitspossiblefuturescenarios.MarketAnalysis:
TheCOVID-19pandemichastremendouslyaffectedcopperpricesglobally,leadingtoadecreaseinthedemandforcopperproducts.However,astheeconomiesareresumingtheiroperations,thetrendforbuyingcopperproductshasseenasignificantrise.TheLondonCopperFuturesExchangehasexperiencedasimilartrend,withcopperfuturespricesrisingbyover25%fromtheirlowsinthesecondquarterof2020totheircurrenthighsinthethirdquarterof2021.Moreover,expertspredictagrowthindemandforcopperasaresultofitsextensiveusageintheelectricvehicleindustry.TheInternationalCopperAssociationsuggeststhatanelectricvehiclecancontainuptofourtimesasmuchcopperasaconventionalcombustionenginevehicle.Additionally,governmentsworldwidehavesetambitiousdecarbonizationtargetsthatareexpectedtoincreasethedemandforrenewableenergyand,subsequently,copper.Thesefactorsareexpectedtodrivethedemandforcopper,leadingtoariseinitsprices.FutureScenarios:
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