<p>周一，美国铜期货价格跌至每磅 5.6 美元，此前在交易时段内曾测试过每磅 5.86 美元的历史高点，市场正在评估近期因稀缺担忧推动的涨幅是否过度。</p>
<p>本月该金属预计上涨 8%，今年累计上涨超过 40%。</p>
<p>由于印尼 Freeport-McMoRan 公司的 Grasberg 矿停产，铜产量增长近期受到限制，该矿负责全球供应的 3%。</p>
<p>这加大了来自智利和秘鲁的供应风险，因为工人们对开采公司进行了抗议。</p>
<p>这种不确定性与美国总统特朗普对铜商品形式的新关税威胁相吻合，这些关税在今年最初并未被征收。</p>
<p>与此同时，需求仍然受到支持，因为铜在各国政府承诺转向非化石燃料的电气化技术中被广泛使用。</p>
<p>数据中心和人工智能基础设施资本支出的增长也将支撑铜的购买。</p>

自由港迈克墨伦铜金矿

<p>美国铜期货价格从创纪录的每磅 5.86 美元下跌至每磅 5.6 美元，因为市场重新评估了由供应担忧驱动的近期价格飙升。预计本月该金属价格将上涨 8%，今年将上涨超过 40%。由于自由港迈克墨伦铜金矿的停产以及智利和秘鲁的抗议活动，供应风险加剧。此外，特朗普总统可能对铜征收关税，以及来自电气化技术和人工智能基础设施的强劲需求也在影响市场</p>

<p>Copper futures in the US fell to $5.6 per pound on Monday after testing record highs at $5.86 earlier in the session as markets assessed whether the recent surge, driven by scarcity concerns, may have been overdone.</p>
<div class="lb-trans"><p>周一，美国铜期货价格跌至每磅 5.6 美元，此前在交易时段内曾测试过每磅 5.86 美元的历史高点，市场正在评估近期因稀缺担忧推动的涨幅是否过度。</p>
</div><p>The metal is set to gain 8% this month and over 40% this year.</p>
<div class="lb-trans"><p>本月该金属预计上涨 8%，今年累计上涨超过 40%。</p>
</div><p>Copper output growth has recently been capped by the suspension of operations in Freeport-McMoRan's Grasberg mine in Indonesia, responsible for 3% of global supply, following a fatal incident.</p>
<div class="lb-trans"><p>由于印尼 Freeport-McMoRan 公司的 Grasberg 矿停产，铜产量增长近期受到限制，该矿负责全球供应的 3%。</p>
</div><p>This magnified risks to supply from Chile and Peru due to workers' protests against extractors.</p>
<div class="lb-trans"><p>这加大了来自智利和秘鲁的供应风险，因为工人们对开采公司进行了抗议。</p>
</div><p>The uncertainty coincided with fresh threats of tariffs on copper commodity forms by US President Trump, which were initially left out of levies this year.</p>
<div class="lb-trans"><p>这种不确定性与美国总统特朗普对铜商品形式的新关税威胁相吻合，这些关税在今年最初并未被征收。</p>
</div><p>Meanwhile, demand remained supported by its broad usage in electrification technologies that have been pledged by governments in their pivot away from fossil fuels.</p>
<div class="lb-trans"><p>与此同时，需求仍然受到支持，因为铜在各国政府承诺转向非化石燃料的电气化技术中被广泛使用。</p>
</div><p>Growth in data center and AI infrastructure capital expenditure is also set to underpin copper buying.</p>
<div class="lb-trans"><p>数据中心和人工智能基础设施资本支出的增长也将支撑铜的购买。</p>
</div>

铜价从创纪录的高位回落