The copper market is experiencing its deepest contango in decades, with prices moving sideways due to oversupply, robust LME inventories, and uncertainty over Federal Reserve rate decisions.
The global copper market faces uncertainty and potential shifts due to the closure of significant mines like Panama s Cobre Mine and environmental protests at Peru s Las Bambas mine.
The global copper market faces uncertainty and potential shifts due to the closure of significant mines like Panama s Cobre Mine and environmental protests at Peru s Las Bambas mine.
Still short of a breakout, current copper prices lifted off their October lows during November and have yet to see a major downside correction. Nonetheless,