It is worth watching copper, a base metal that reflects a broad range of economic conditions. Copper futures traded on the London Metal Exchange briefly breached $11,000 a tonne on Monday. The analysis believes that the trend of decarbonization and electrification caused by the global energy transition in recent years will continue to increase the demand for copper, while the global lack of copper mining and related investment in the past decade will lead to short supply, which will continue to push up copper prices.
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