Copper prices hit a nine-year high. The main reason why demand is so great is that economic recovery leads to demand exceeding supply. At the same time, the loose global monetary policy has indirectly pushed up the prices of commodities. Some enterprises began to stock up, and the demand for copper increased greatly. The epidemic has led to an increase in transportation, which is the reason for the increase in copper demand.

The epidemic has hit the global economy hard. In order to stimulate the economy and prevent the economy from shrinking, the global market has carried out a loose monetary stimulus policy, and a large amount of water has resolutely stimulated the rise of copper prices. The effective control of the epidemic situation has increased the demand for copper, but the supply of copper has not changed, which has led many enterprises to start hoarding goods, resulting in an increasing demand for copper. The epidemic has led to an increase in copper transportation, and the shortage is difficult to determine. This is also one of the reasons why the demand for copper has increased greatly.

First, the epidemic was effectively controlled and the economy began to recover. The demand for copper has greatly increased.

With the continuous introduction of COVID-19 vaccine, more and more people accepted COVID-19 vaccine, the epidemic situation was effectively controlled and the economy was partially restored. With the economic recovery, the demand for copper will gradually increase. With the continuous economic recovery, the demand for copper is increasing, resulting in a nine-year high in copper prices, but the demand for copper cannot be met. The main reason is that the production scale of copper is even lower than the demand, which is the main reason for the large demand for copper.

Second, does the epidemic lead to an increase in copper transportation, which in turn leads to an increase in copper demand?

As we all know, copper is a scarce metal, and the demand for copper in different countries is completely different. The epidemic has caused many countries to fail to produce normally, and at the same time, the epidemic will increase transportation. Is it because the economic recovery can't produce copper normally and the transportation of copper has increased? This is also one of the reasons for the large demand for copper.

3. What do you think of the huge demand for copper prices, hitting a nine-year high?

I think this is a good thing, at least it shows that the economy has begun to recover and will not fall into the worst economic situation of stagflation. With the increasing supply of copper, the price of copper will also fall. This is the economic law, don't worry.