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Copper Price Forecast Mixed Amid Deep Contango

Copper prices entered 2024 with a slight increase, though the deep cantango continues to affect ongoing copper price forecasts.

Christopher wallerFederal reserveInternational copper study groupCopper monthly metals indexCopper market contangoCobre panamaFederal governor christopher wallerRate traders scale back pivot betsCopper price forecast still positiveFederal fundsTraders reportMetalminer insights

Copper Supply Disruptions Fuel Market Uncertainty

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.

Nichole bastinChristopher wallerInternational copper study groupVia metalCopper monthly metals indexCopper market contangoCobre panamaFederal governor christopher wallerRate traders scale back pivot betsCopper price forecast stillFederal fundsTraders reportUnited statesInterest rates

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