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Copper price forecast: here’s why it is in an unstoppable bull run

From invezz.com

Copper price continued its remarkable bull run this week, making it one of the best-performing metals this year. It has jumped to $4.5, its highest point in over two years. It jumped for four straight days and by over 120% from its lowest point in March 2020. Notably, copper has risen for five straight week, the first time it happened since 2020. The price of copper is jumping because of the rising manufacturing activity around the world. A report by ISM showed that the US manufacturing PMI rose to 52 in March, the first time that happened in over two years. The same trend is happening in other countries. In China, ... (full story)

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  • Category: Fundamental Analysis