2024-05-08 11:30:00 ET
Summary
- Our monthly report looks at the performance of iron ore, copper, aluminium and other industrial metals.
- In this month’s edition, we take a closer look at copper’s recent rally and explain why we think that prices are due a downward correction.
- The low level of housing starts will also continue to weigh on copper demand looking ahead, given the lag between starts and metals usage.
By Ewa Manthey
YTD metals performance %
Copper hits a two-year high
Copper prices have stood out over the last month, with LME prices breaking above $10,000/t for the first time in two years. Concerns over tightness in global mine supply and stronger demand from the green energy sector have boosted prices....
Read the full article on Seeking Alpha
For further details see:
Industrial Metals Monthly: Has The Copper Rally Gone Too Far, Too Soon?