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Stock impact report

Copper: Major Factors That Offer Two Opposing Price Scenarios [Yahoo! Finance]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Yahoo! Finance
The answer boils down to how various demand and supply-side factors shake out in coming years. Among the demand factors likely to drive copper are generative AI's thirst for electricity, adoption of EVs and the evolution of solar, wind and battery technology alongside traditional demand sources like the construction of residential and commercial property. In addition, the demand factors are colliding with extremely slow growth in copper mining supply. But before we focus on those factors, it is worth noting the extent to which copper, widely considered to reflect the state of the global economy because of its varied uses, has diverged from two of its most traditional price drivers: crude oil and the pace of growth in China. From 2000 to 2022, the price of copper closely tracked crude oil. This may have been because copper is extremely energy intensive to mine and refine. As such, crude oil prices served as a proxy for copper's cost of production. However, in late 2022, around the Show less Read more
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