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Copper Prices: Resistance and Demand Zones Solidify

From agmetalminer.com

The copper industry showed resilience through many market challenges throughout 2022. Despite dropping prices and demand, copper continues to fight against obstacles ranging from Europe’s energy crisis and smelter shutdowns to China’s property crisis and shrinking demand. As MetalMiner noted earlier this month, copper markets do remain particularly volatile. And while prices traded sideways in MetalMiner’s September Monthly Metals Index, the potential for future price increases remains high. {chart} Copper experienced its fair share of ups, downs, and growth over the past two years. Despite this, recent price action ... (full story)

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  • Category: Fundamental Analysis