🚨 COPPER SLIPS — BUT SUPPLY RISKS ARE RISING
Copper dipped 0.2% to $14,595/ton, pressured by a stronger dollar and reduced risk appetite ahead of China’s holiday.
📉 But supply concerns are limiting the downside:
• Copper is still +9% this quarter
• LME cash copper premium hit $107.50/ton — highest since Sept. 1
• BHP’s Escondida mine in Chile suspended operations after a fatal accident
• Strike risks are emerging at Chile’s Centinela mine
• China remains the key metals demand market
🔥 Record-high copper + tightening supply = a market traders are watching closely.
Will copper reclaim $14,875 and push toward new highs? 👀
Trade Here 👉 $COPPER | $HEMI | $USDC
#BinanceWillListHyperliquid(HYPE) #US10YTreasuryYieldHits19YearHigh #USWeighsPromotingDollarStablecoinsAbroad #StreamerClub #Write2Earn
Copper dipped 0.2% to $14,595/ton, pressured by a stronger dollar and reduced risk appetite ahead of China’s holiday.
📉 But supply concerns are limiting the downside:
• Copper is still +9% this quarter
• LME cash copper premium hit $107.50/ton — highest since Sept. 1
• BHP’s Escondida mine in Chile suspended operations after a fatal accident
• Strike risks are emerging at Chile’s Centinela mine
• China remains the key metals demand market
🔥 Record-high copper + tightening supply = a market traders are watching closely.
Will copper reclaim $14,875 and push toward new highs? 👀
Trade Here 👉 $COPPER | $HEMI | $USDC
#BinanceWillListHyperliquid(HYPE) #US10YTreasuryYieldHits19YearHigh #USWeighsPromotingDollarStablecoinsAbroad #StreamerClub #Write2Earn
