Copper prices plummeted, even falling below $8,000/ton, leaving countless investors who invested in copper mines with nothing to lose. China is one of the largest manufacturing countries in the world, and there is an urgent demand for copper. So, is the lowering of copper price good or bad for China's industrial production? Why did copper prices plummet? Let's talk about it in detail from four aspects. First, the commodity economy was cold, and copper prices plummeted. The collapse of copper prices is closely related to the epidemic. Affected by the global epidemic, the global commodity economy is cold, the economic development of various countries is almost stagnant, and the demand for copper mines is greatly reduced. With the resumption of production in various countries after the epidemic, the demand for copper mines increased again, and the price of copper mines rose last year. However, although countries have resumed production, they have underestimated the conceptual changes brought about by the epidemic, and consumers have paid more and more attention to capital savings, thus reducing their desire to consume. This has led to the partial recovery of industrial production, but it has caused serious overcapacity, oversupply in the commodity market, and the price of copper ore as a raw material has repeatedly fallen. Second, the international situation affects the price reduction of copper ore. At the beginning of the international situation, the price of copper ore rose slightly. Copper mine is one of the important raw materials for industrial production, and Russia is one of the important copper mine exporters in the world. With the changes in the situation in Europe, the export of various energy sources in Russia is restricted, and foreign trade transactions are banned by the whole people. As a result, the price of copper ore has risen around the world. But now the situation is gradually stable, and even Russia's oil and energy industries are gradually recovering exports. Therefore, the re-entry of Russian copper mines into the international market will lead to the reduction of copper mine prices. In addition, copper ore is an important military material, such as bullets, which are mostly made of copper. Although the hardness of copper is not as good as that of steel, the steel bullet will cause irreparable damage to the gun bore. Therefore, copper alloy is used to coat the surface of bullets and protect firearms, so copper ore is also an important raw material for producing bullets. When the international situation is fierce, the demand for bullets increases, leading to an increase in copper prices. However, with the gradual stabilization of the situation, the demand for bullets has also decreased, so the price of copper mines has naturally dropped. Third, the investment structure has changed. Why are gold, silver and copper all heavy metals, and only gold has higher investment value? This is not only because gold is scarce and chemically stable, but also because the price of gold will not change because of the drastic changes in the market. Therefore, gold will be one of the investments for users to deal with idle money. Although copper ore is not as stable as gold, it has always been regarded as venture capital because it is an important industrial raw material in the commodity market. In the past few years, new energy vehicles have ushered in a golden period of rapid development, resulting in soaring prices of lithium ore and nickel ore as battery raw materials. Copper ore is also one of the raw materials needed for lithium batteries, which makes many speculators buy copper ore in large quantities and sell it after the price rises, thus making a profit. But I didn't expect the outbreak of the epidemic to make these people's wishful thinking fall through. As a result of the epidemic, countless industries are unsustainable and countless working people are laid off and unemployed. Most retail investors who hoard copper mines are capitalists in various industries, and their own industrial operations are damaged, so they can only stop losses by selling copper mines. A large number of copper mines appeared in the market, which led to the decline of copper mine prices. Four. Countries are overwhelmed by energy, and it is difficult for commodity economy to recover. Although the reduction of copper prices has had an important impact on industries in various countries, and even many related enterprises are on the verge of bankruptcy, countries have no time to devote themselves to improvement. The United States has a great demand for copper mines, but it still has a large number of unemployed people and has to deal with the troublesome international situation, so it doesn't care about the international copper market at all. Countries like South Korea also have import demand for copper mines, but these countries also make money from manufacturing, and China has caught up with them. Now Japan and South Korea's commodity economy is facing the challenge of China, and it needs to continue the transformation of industrial structure, so it has no time to take into account the copper price. For our country, semiconductor restrictions continue, and the United States is eyeing the photovoltaic industry. Although we have the determination to stabilize the copper price market, there is nothing we can do but let the copper price market die. Therefore, it is impossible for copper prices to rise in a short time in the future, and may usher in a further decline in the near future. Label copper mine is a very important raw material in global industrial production, but it is affected by four reasons, namely, the epidemic situation has led to a decrease in demand, the international situation has gradually stabilized, the military demand has decreased, the investment form of consumers has changed, countries have more important things to deal with, and the copper price market cannot be taken into account, so the copper price may be further lowered in the future. .