14-month high copper prices rise due to demand, supply risks, and potential US rate cuts.
Copper prices reached a 14-month high as demand rises and supply risks increase. The metal has seen a 15% surge since early February, driven by tightening market conditions and potential US rate cuts. Additionally, supply concerns continue to rise as Chinese smelters consider output cuts and mine production faces challenges. Market participants remain cautious due to uncertainties in the Chinese economy and potential interest rate cuts in the US and Europe.
April 03, 2024
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