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Copper futures pulled back from recent highs. 12/4/25
March Copper futures pulled back after hitting an 18-week high, recording an inside range day that suggests a pause in the rally rather than a reversal. The market has gained nearly 21% since late July and remains on pace for a positive week despite daily profit taking. Sentiment was influenced by shifting U.S. rate cut expectations, with the market pricing in fewer reductions through mid-2026. Supply uncertainty also weighed on price action, as Ivanhoe Mines and Glencore lowered production guidance while Rio Tinto raised its 2025 forecast based on progress in Mongolia.
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- Dec 4, 2025 5:00pm Posted byFundamental Analysis180
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