𝐑𝐄𝐃 𝐌𝐄𝐓𝐀𝐋 𝐑𝐀𝐋𝐋𝐈𝐄𝐒 𝐇𝐀𝐑𝐃,𝐂𝐎𝐏𝐏𝐄𝐑 𝐏𝐑𝐈𝐂𝐄𝐒 𝐒𝐏𝐈𝐊𝐄à
• 1850–1900: Industrial Revolution & early electrification drive the first demand wave
• 1860s: US Civil War triggers a supply shock → prices surge
• 1889: Speculative excess leads to a sharp price crash
• 1914–1918: World War I pushes copper prices sharply higher
• 1930s: Great Depression causes demand collapse & deep price fall
• 1939–1945: WWII shuts mines, creating volatility
• 1945–1990: Post-war reconstruction, global economic boom & mass electrification fuel a long structural uptrend
• 1970s: Oil crisis + inflation spike copper prices again
• 2001: China joins WTO → start of the modern commodity supercycle
• 2000s–2010s: Urbanisation & infrastructure spending keep demand elevated
• 2020 onwards: Energy transition, EVs, renewables & grid expansion drive a new secular demand phase
Copper doesn’t just track prices — it tracks progress.
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