So far, copper prices are still rising this month, rising for the eighth consecutive month, setting a record for the longest consecutive rise in the past decade. Copper prices have risen, and the cost of the electronic wire processing industry has risen.
Copper prices are usually regarded as a barometer of the global economy and a weather vane for the global mining market. The rebound in China's economic growth and the signs of progress in the research and development of the new crown pneumonia vaccine have boosted the demand outlook for industrial metals. It shows that the domestic economy is picking up. Copper is one of the most important raw materials in the electronic wire processing industry. The increase in copper prices will also slightly increase the overall quotation of the industry.
The report released by the World Bureau of Metal Statistics showed that the global copper market was short of 447,000 tons from January to August, while last year there was a shortage of 383,000 tons of copper. Copper is one of the minerals with the most obvious separation of supply and demand. Although the demand is mainly in China, six of the world's top ten copper mines are located in Peru and Chile. South America is the world's largest copper supply base. At present, South American copper production is facing severe challenges, which is very worrying.