Let's take a look at Copper price 🤔

in #copper • 4 days ago

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Source: Investing.com

It's been a long time since I checked copper price a couple of years ago. It's been still hanging around ATH(All Time High). What does it mean?

Hmm.. I guess the global economy still requires invesment of facilities related to AI & Memory semiconductors. Even Samsung and SK Hynics plan to build fabs as many as they can. The forecast of demands of memory semiconductor is very bright.

So, I guess that's why Cu(Copper) price is still high. As well as, PMI(Purchasing Managers Index) is around 54.0. I think we're not in a real bubble yet.

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