Copper prices surge – supply and demand

The price of copper has increased by over 14% compared to last year and a tonne of the commodity is now $10,600. According to The Economist the 3 reasons for its increase are supply, demand and economic policy.

Australian producers like BHP and Cyprium Metals are planning to produce more copper, experts say these efforts won’t be enough to fill the growing global supply gap. See video below from ABC News in Australia.

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