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3 ASX copper shares soaring amid 28% surge in commodity price this year
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3 ASX copper shares soaring amid 28% surge in commodity price this year
ASX copper shares are benefiting from a 28% surge in the commodity price this year to US$5.08 per pound on Tuesday. The copper price is on the rise due to higher demand amid the global energy transition. Copper is essential for electrification and is used in electric vehicles, wind turbines, power grids, and data centres. Trading Economics analysts say other factors are also pushing the red metal's value higher. They note that the US Government …
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