Copper and aluminum were basically flat today, with Freeport-McMoRan down 0.6% and Alcoa almost unchanged 😔
Bulk metals had no clear directional drivers today. Copper prices oscillated at high levels, with the market waiting for new incremental macro data. The valuations of both targets are closely linked to spot prices of copper and aluminum. The current trend indicates the market has no particularly strong new expectations for the economic outlook.
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