In the intricate world of commodities, volatility is a double-edged sword it presents both significant risk and potential reward. Commodities, by their very nature, are susceptible to wide price fluctuations due to a variety of factors including supply and demand dynamics, geopolitical tensions, environmental conditions, and economic indicators.
The industry previously provided a significant source of demand for copper, and the stuttering attempts to stimulate renewed investment in the sector since have led to swings in copper prices. At the same time, there is widespread acceptance that the long-term copper supply will fall far below projected demand given the global push towards green energy and electric vehicles, a factor which has kept prices elevated in spite of other uncertainties.