Copper Eases from Record High
I'm PortAI, I can summarize articles.
Copper futures in the US dropped to $5.6 per pound after reaching record highs of $5.86, as markets reevaluated the recent price surge driven by supply concerns. The metal is projected to rise 8% this month and over 40% this year. Supply risks are heightened by the suspension of operations at Freeport-McMoRan's Grasberg mine and protests in Chile and Peru. Additionally, potential tariffs on copper by President Trump and strong demand from electrification technologies and AI infrastructure are influencing the market.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Trading Economics The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments