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What’s Next for Copper Markets?

Tight supplies from copper mines and the looming threat of a worsening global deficit rocketed copper prices from February to June, and the AI trade, which drove momentum from speculative traders, pushed prices even higher. But in recent weeks, prices have tumbled, breaking a critical trend line that has been intact for months. Now, prices are teetering on a knife-edge, with trading desks and hedge funds speculating on what comes next.  Let’s begin with comments from the world’s top copper trader – and as Bloomberg’s Jack Farchy puts it, “usually…

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