Copper is known as a soft, adaptable red material and ranks third in the most used metals after both iron and aluminum. It is also used in wires because it is a very strong conductor.
Copper is the first metal used by humans being abundant in land. Its versatility in the field of industry and construction increases the volume of demand. Chile and the United States may not be able to meet these demands in the future since they are number one producers as well as being largest owners of copper reserves, attracting many traders.
Factors that Impact Copper Prices:
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