Copper tests a crucial support level as mine supply contracts for the first time since 2017
Copper is testing the April support trendline, as global mine supply fell 1.1% in the first half of 2026. Morgan Stanley expects mine supply to remain flat or decline slightly this year, marking the first annual drop since 2017, according to BeInCrypto. The shortage is in ore, while refined metal recorded a surplus of 131,000 tonnes in the first half; copper has risen more than 15% this year.$COPPER #Binance #Write2Earn
Copper is testing the April support trendline, as global mine supply fell 1.1% in the first half of 2026. Morgan Stanley expects mine supply to remain flat or decline slightly this year, marking the first annual drop since 2017, according to BeInCrypto. The shortage is in ore, while refined metal recorded a surplus of 131,000 tonnes in the first half; copper has risen more than 15% this year.$COPPER #Binance #Write2Earn
