The recent controversial move by the UK government, to ease back on the tough carbon-zero targets, is unlikely to affect people’s intentions too much. IGTV caught up with John Meyer, mining analyst at SP Angel who said that the recent drop in copper prices is more to do with China’s economic softness rather than any carbon-zero reversal. The fact that electric prices have fallen means that people are now finding a real reason to move further into electrifying their homes rather than from economic nudge policies being instigated by politicians. Heat pumps also make more sense if power prices fall. So, the guest says that copper prices are unlikely to ‘languish at these current levels for too long’.
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