Copper prices have outperformed both gold and silver so far this year, as traders bet on growing, long-term needs for the industrial metal in artificial intelligence and electric vehicles.
The copper market has reached an “Isaac Newton moment” where “the apple has fallen onto the heads of global commodity traders and end users, and they’re just now waking up to the reality of enhanced future demand,” said John Caruso, senior market strategist at RJO Futures.
Technological developments such as artificial intelligence and automation, and the energy transition, which includes electric vehicles and renewable energy, have already driven up demand prospects for copper cable used to conduct electricity.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
