Caution in Capital and Weak Fundamentals Double Pressure, Spot Copper May Face Further Downward Pressure
The decline in U.S. bonds supported a rebound in copper prices, with LME copper closing up 0.94% last week. However, weak manufacturing data from China, cautious investor sentiment, high inventories, and weak consumption continue to limit price elasticity, suggesting that spot copper prices may decline today. The decline in both the U.S. dollar and U.S. […]