Tag: electric vehicle copper consumption
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LME copper prices rise w-o-w amid tight supply; hawkish Fed signals, weak Chinese cues cap gains
Robust long-term demand outlook drives up prices Prices remain elevated despite slight drop mid-week Copper prices on the London Metal Exchange (LME) increased last week, gaining from around $10,745/t on 7 November to nearly $10,855/t on 14 November amid constrained material availability. However, prices on 14 November were lower than the $10,959/t recorded on 13 November,…