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Copper Rally Continues on Supply Issues
Copper prices have regained bullish momentum this week following a strong up move yesterday. The futures market is now back at 2-month highs as the recovery move off the August lows continues to gain ground. The market has now recouped around 40% off the loss from YTD highs seen in the summer as prices collapsed in the absence of an anticipated 50% tariff on copper. The move, threatened by Trump in early summer, was expected to be part of the sweeping tariff announcements in August. However, copper was widely spared with only some specific areas of the market seeing tariffs. Since then, bearish momentum was seen ... (full story)
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