Copper jumps to record as energy-transition demand narrative grows
Saxo Bank analyst Ole Hansen says copper’s role in power grids, electric vehicles, renewable generation and energy storage is boosting energy-transition demand. LME benchmark copper futures hit a record $14,624.50 per metric ton.
Copper is becoming increasingly important to the energy transition, according to Saxo Bank analyst Ole Hansen in a note. He pointed to its role in power grids, electric vehicles, renewable generation and energy storage. 50 a metric ton, supported by persisten…