The queues for gold bars have snaked down Martin Place all summer, a flashing red signal of how frenzied demand for the precious metal has become. But what about swooping on kilogram-sized bars of copper?
The price of copper rose above $US13,000 a tonne this month, driven by sluggish mine output and booming demand from electrification – from the rise of electric vehicles to renewable energy generation. And in China, punters are buying up copper bars for 200 yuan ($42) that come wrapped and emblazoned with the text: invest in copper.
