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Commodities

Copper and silver prices spike as governments decarbonize

Beijing's public works plans and global efforts to go green spur trading

Copper foils for lithium batteries are produced at a factory in Tongling, China.   © Reuters

TOKYO -- Money is flowing into the markets for such materials as copper, silver and aluminum on growing demand thanks to a shift to renewable energy and electric cars.

The trend was triggered by solid demand in China, which brought the COVID-19 pandemic under control ahead of other countries. Now investors around the world are trying to get ahead of the curve on the so-called green cycle poised to lift the commodity markets over the long term.

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