What is Copper (XCU)?
Copper is one of the most important industrial metals, traded under the ticker XCU. It has exceptional electrical conductivity, second only to silver, making it indispensable in electrical engineering and energy.
Copper — the economic barometer
Copper is often called "Dr. Copper" because its price dynamics serve as a leading indicator of economic health. Rising copper prices signal economic growth; falling prices indicate a slowdown.
Copper in green energy
The energy transition requires massive volumes of copper. An electric vehicle contains 3-4 times more copper than a conventional car. A 3 MW wind turbine requires 4.7 tonnes of copper. The IEA forecasts demand doubling by 2035.
Copper price on AveChange
Track the current copper price in EUR. Chile and Peru are the largest producers — any supply disruptions instantly affect prices.