Raw Materials Have Skyrocketed in The Beginning of The Year, Are LED Display Application Companies still Calm?

At the beginning of 2021, as the situation of epidemic prevention and control is getting better, all regions have ushered in a good start. However, what many led display practitioners unexpected is that the "supply shortage" has not yet dissipated, and the "supply shortage" has become the first "blocker" they face after the Spring Festival.

According to reports, due to “supply shortages”, the prices of raw materials such as copper, iron, aluminum, and plastics have continued to rise. On Monday, LME Copper (a copper futures trading product on the London Futures Exchange) exceeded US$9,000 for the first time since 2011. At the beginning of the trading session, it rose by more than 4%. LME Aluminum (aluminum futures trading product of the London Futures Exchange) futures set a new high since 2018, and iron ore futures are approaching the 10-year high set in January.