Understanding the Market | Copper Stocks Decline Collectively, Copper Prices Rise and Fall, Current Tariff Expectations Still Affecting Copper Price Logic
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Copper stocks collectively declined, with MMG falling 4.56% and CHINFMINING dropping 4.26%. The implementation of the U.S. equivalent tariff policy does not involve copper varieties, which may indicate a potential for higher tax rates. The Federal Reserve maintains its forecast for two rate cuts, increasing economic uncertainty. Current tariff expectations still impact copper prices, but they depend on U.S. consumption data. U.S. manufacturing hit a three-month low, and inflation expectations have weakened price increases. Overall, copper prices are leaning towards adjustment
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