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Copper’s Wild Ride… Poised for a Breakout?
Copper is the lifeblood of industrial growth and a bellwether for the global economy. That’s why it’s often called Dr. Copper. But lately, this “doctor” has been in the emergency room, with price swings that mirror an erratic heartbeat. Still, it closed out 2024 up about 6% year over year, signaling some underlying resilience. Copper’s Price Drivers: China, the Fed, and Inventory Woes To understand where copper might be headed in the near term, let’s break down the three biggest forces shaping its price: 1. China’s Struggles: China’s economy hit the brakes in 2024, with weak real estate demand, ... (full story)
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- Posted: Jan 17, 2025 12:10pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 119
