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Copper futures dropped 3.8% amid Chinese acid ban and rising WTI
In the metals quadrant, May Copper futures experienced a fourth consecutive session decline, dropping roughly 3.8% from a recent 12-week high. The market is currently processing the upcoming May ban on sulfuric acid exports from China, which accounts for approximately 40% of global output. This primary leaching agent is crucial for copper extraction, with nearly 15% of global copper production directly dependent on it for operations. Additionally, the relentless climb in WTI Crude Oil futures toward $100 is raising global recession risks, acting as an effective tax on manufacturing, transportation, and ...
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- Apr 28, 2026 5:44pm Posted byFundamental Analysis104
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