BlockchainFoodie
What’s the logic behind this copper price surge?
Simply put, it's a battle for resources. For the past few decades, the global flow of copper has been one-way—massive exports of high-quality, low-impurity scrap copper from the US, which once accounted for the majority of imported copper. But that cycle has now been broken.
The turning point came at the policy level. The current US administration realized a serious issue: domestic copper reserves have dropped to dangerously low levels, barely enough to cover military strategic needs. So, using tariff threats, they managed to pull over a million
View OriginalSimply put, it's a battle for resources. For the past few decades, the global flow of copper has been one-way—massive exports of high-quality, low-impurity scrap copper from the US, which once accounted for the majority of imported copper. But that cycle has now been broken.
The turning point came at the policy level. The current US administration realized a serious issue: domestic copper reserves have dropped to dangerously low levels, barely enough to cover military strategic needs. So, using tariff threats, they managed to pull over a million
