CPER Returned 138% Over 10 Years, But Copper Miners Left It in the Dust

Copper has doubled in price per metric ton over the past decade (~+100%), driven by demand from electrification. Major trends from EV manufacturing to grid expansion are primary demand drivers, implying sustained pressure on copper supply and supportive pricing for miners and related suppliers.

Analysis

Copper has doubled in price per metric ton over the past decade (~+100%), driven by demand from electrification. Major trends from EV manufacturing to grid expansion are primary demand drivers, implying sustained pressure on copper supply and supportive pricing for miners and related suppliers.