Aktueller kupferpreis is a key barometer of global economic health, and its price has risen strongly over the past year on the back of a weaker dollar and investor expectations for a recovery in the Chinese economy. The metal is used in a wide range of industries, from construction and electronics to electrical wiring and industrial machinery. Its high conductivity rating makes it a popular choice for energy storage, EV charging infrastructure and power generation. However, the sector that is likely to drive the strongest copper demand in the medium-term is clean energy.

China, the world’s top consumer of the metal, is the biggest driver of global copper demand. The country’s zero-COVID-19 policy wreaked havoc on its economy, and copper prices were among the commodities that benefited when that policy was lifted earlier this year.

The Role of Supply and Demand in Shaping Kupferpreis Aktuell

The pace of growth in China’s manufacturing sector has historically correlated strongly with the copper market price. In fact, it is often a more reliable gauge of Chinese demand than official GDP data, which includes components that are not as relevant to the copper industry.

That said, the outlook for copper remains cloudy in the short term. The LME copper price has lost ground recently, weighed down by weaker-than-expected activity in Europe and the U.S., as well as fears of a global recession and a slowdown in China’s property sector. Moreover, copper miners in countries like Chile and Peru are facing higher royalty rates and water woes that may limit production.