Copper holds at two-month low on demand concerns and strong dollar
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Copper futures held steady around $4.11 per pound on Wednesday, staying at their lowest point in two months as concerns over demand in China and a rising US dollar weighed on the commodity.
US Dollar Rallies on "Trump Trade," Pressuring Copper prices Meanwhile, the US dollar continued its rally, driven by the “Trump trade,” with markets betting on strong economic growth and inflationary policies under a potential second Trump term. On the supply side, high copper inventory levels further pressured prices.
Copper holds at two-month low on demand concerns and strong dollar
China recently announced a 10 trillion yuan debt package to support local government financing, but it failed to provide the direct economic stimulus investors had hoped for. Additionally, worries that the incoming Trump administration may impose more tariffs on China have fueled further demand concerns.US Dollar Rallies on "Trump Trade," Pressuring Copper prices Meanwhile, the US dollar continued its rally, driven by the “Trump trade,” with markets betting on strong economic growth and inflationary policies under a potential second Trump term. On the supply side, high copper inventory levels further pressured prices.