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2025-09-16 17:55:34
[Copper prices fluctuate at high levels, and the game between bulls and bears accelerates] ⑴ Copper prices are facing profit-taking pressure at high levels. London Metal Exchange copper futures fell slightly by 0.4% to US$10,145 per ton, but still rose by 2.3% this week. ⑵ Market sentiment was boosted by expectations of a Fed rate cut. The weakening US dollar provided support for copper prices, and traders are preparing for Wednesday's interest rate decision. ⑶ Despite production challenges facing Chilean copper mines, the country still expects copper production to increase this year and next year, and has set a target of reaching a record 6 million tons in 2027. ⑷ The rapid rise in copper prices has attracted some funds to take profits, but macroeconomic expectations and the supply outlook of major producing countries remain the focus of market attention.
