Copper Prices Likely to Move in Wide Range amid Weak Supply and Demand, Accompanied by Divided Downstream Demand_SMM
After the copper price hit a multi-year low in mid-to-late July 2022, it stopped falling and rebounded. Copper scrap traders refrained from selling amid losses earlier, and were still reluctant to sell even after copper prices rallied as they awaited further price hike, resulting in short supply as a whole.
Source: metal.com