LIVE MARKET ALERT Copper prices traded at 6.14 per pound, marking a 1.99% gain in intraday dealings. The metal maintained a strong tone as market sentiment leaned toward renewed industrial demand and a persistent appetite for base metals. Technical participants noted improved buying interest at lower levels, providing support to the broader uptrend.
Traders cited balanced supply flows and steady warehouse trends as key elements shaping near-term price direction. Despite the absence of major catalysts, investor positioning continues to favor copper as part of a diversified commodities portfolio, with attention focused on sustained production dynamics and overall global manufacturing trends.
Key Drivers:
• Support from industrial demand expectations and risk-on sentiment.
• Stable supply conditions and improving technical momentum across base metals.
All market information is for general informational purposes only and does not constitute investment advice. Commodity markets are volatile, and past movements are not indicative of future performance.
Copper Holds Firm as Buyers Sustain Upward Momentum
"Copper rose 1.99% to $6.14 per pound, supported by renewed industrial demand, stable supply flows, and improving technical momentum amid balanced warehouse trends and risk-on sentiment."
Traders cited balanced supply flows and steady warehouse trends as key elements shaping near-term price direction. Despite the absence of major catalysts, investor positioning continues to favor copper as part of a diversified commodities portfolio, with attention focused on sustained production dynamics and overall global manufacturing trends.
Key Drivers:
• Support from industrial demand expectations and risk-on sentiment.
• Stable supply conditions and improving technical momentum across base metals.
All market information is for general informational purposes only and does not constitute investment advice. Commodity markets are volatile, and past movements are not indicative of future performance.