셀스마트 판다
·
4 months ago
Copper Prices Continue to Surge, $10,000 Mark in Sight (Mar 18, 2025)
On March 17 (local time), London Metal Exchange (LME) copper futures closed at $9,804 per ton, continuing their strong rally. New York Commodity Exchange (COMEX) May copper futures also surged to $9,900 intraday. Copper prices are approaching their highest level in five months, with analysts predicting a breakthrough past $10,000 within three months if supply constraints persist.The key driver behind copper’s rise is China’s economic stimulus measures. The Chinese government recently announced new policies to boost domestic consumption, while industrial production and retail sales exceeded market expectations, fueling optimism about increased raw material demand. Meanwhile, the U.S. is considering imposing tariffs on copper imports, raising concerns over potential disruptions in global supply chains. In response, raw material companies have begun preemptively shipping copper to the U.S.On the supply side, risks persist. Chile, the world’s largest copper producer, saw a 24% drop in production in January, reaching its lowest level in nine months. State-owned mining giant Codelco has warned that production could decline further due to ongoing mine maintenance.[Compliance Note]All posts by Sellsmart are for informational purposes only. Final investment decisions should be made with careful judgment and at the investor’s own risk.The content of this post may be inaccurate, and any profits or losses resulting from trades are solely the responsibility of the investor.Core16 may hold positions in the stocks mentioned in this post and may buy or sell them at any time.
