Global copper prices have risen sharply

World copper prices have jumped up sharply and the trend will continue. The value of the metal tends to a nine-year high. Copper is called an indicator of the health of the global economy.

Growth of inflation and demand, as well as the falling value of the dollar had an impact. Besides, this metal is used in power grids and electric cars. At the same time, nickel is getting cheaper due to increased supply from the Philippines.