Throughout the first quarter of 2021, signs of economic recovery and supercharged interest in EVs and renewable energy pushed the price of copper to rally higher and higher. First, the red metal broke through the US$4 level in mid-February to reach a 10 year high of US$4.30 on February 24. All told, the copper price gained more than 11 percent in Q1 2021, compared to the 20 percent decline suffered in the same quarter the previous year.
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