Sunday , 14 April 2024

Copper

US DOE Includes Copper in its Recent Critical Minerals Assessment Report

Copper wire

In a pivotal move towards bolstering the supply chain security for clean energy technologies, the U.S. Department of Energy has released its much-anticipated 2023 Critical Materials Assessment. Among the materials deemed critical are aluminum, cobalt, copper, dysprosium, and various types of steel and metals like gallium, iridium, lithium, and magnesium.

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Why Investors Turn to Copper as an Inflation Hedge (+2K Views)

Every year, a vast amount of copper is used by the global economy to manufacture a wide variety of goods. It’s a major ingredient in big-ticket consumer goods like autos, appliances, electronics, and new homes. Simultaneously, copper is also gobbled up for many industrial uses including telecommunications, utilities, construction, and industrial machinery. Today’s infographic comes to us from Kutcho Copper, and it shows the red metal’s important role in the economy, as well as why it has become a famous economic bellwether.

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