Rising or persistently high copper prices are predicted to lead to higher inflation, as businesses will likely pass increased production costs onto consumers for goods like iPhones, houses, and energy.
"If we see higher copper prices, that impacts the average person because higher copper prices means it's more expensive to produce stuff, iPhones, houses, energy. And if businesses have to pay more money, they can do one of two things. They can either eat that cost themselves by shrinking their profits, or number two, they can pass this higher cost down to you, the consumer who buys the stuff, which could mean ultimately higher inflation. We'll see what happens. But in general, if copper prices keep rising or they continue to stay high, you can expect higher prices of things because it costs more money to produce it."
