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Copper's strong performance, a correspondent's visit to a Hamas tunnel, and India's digital transformation including cashless payments and the Varanasi smart city project
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- Copper has defied overall metal trends and experienced a surge in price due to disruptions in production, leading to a supply squeeze.
- The extensive and complex network of tunnels in Gaza poses strategic challenges for Israel's defense against Hamas, rendering air power and most technologies useless.
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Copper Surges as Top Performing Industrial Metal in 2023
Copper has experienced a surge in price and is on track to finish the year as the top performing industrial metal, despite the overall challenging year for metals. The supply of copper was affected by disruptions in production, such as mining issues in Latin America, leading to reduced production forecasts. Additionally, high interest rates and a stronger dollar have negatively impacted other metals. However, copper has defied these trends and benefitted from a supply squeeze, contributing to its significant price increase.
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