Breakout Risks Grow as Copper Tests All-Time Highs

From tickmill.com

Copper prices are continuing to push higher this week with the futures market now once again testing current all-time highs around the 5.20 mark. While other commodities prices have suffered from risks linked to Trump’s tariffs, copper prices have benefitted. Given the concerns around supply chain issues linked top global producer Chile, copper tariffs are expected to put a further squeeze on supply levels, driving prices higher near-term. Indeed, with demand expectations rebounding in China in response to details for fresh fiscal support measures and better data recently, sentiment remains firmly bullish here. ... (full story)