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Consumer confidence reignites economic concerns, the US stock market's rising trend fades, US bonds rebound, the China concept Index falls for six consecutive days, and Copper reaches a historical high.
The three major U.S. stock indices briefly turned down, but the S&P and Nasdaq ended with slight gains. Among the Magnificent 7, only NVIDIA fell, while Tesla rose over 3%; after the Earnings Reports, nuclear energy stock Oklo dropped over 6%; Trump's media company rose nearly 9%. Following consumer confidence, U.S. Treasury yields refreshed their daily lows. The USD ended a four-day winning streak. Crude Oil Product turned down during trading; Gold reversed two consecutive losses; London Copper closed above 0.01 million dollars, hitting a nearly ten-month high.
Is the USA's rush for Copper going to cause a Global "Copper shortage"? An unprecedented scene is unfolding in the Metal market.
① A well-known Copper Trade dealer, Kostas Bintas, stated that the massive influx of Copper into the USA will cause serious supply shortages in other parts of the world, especially in the main Consumer nations. ② Last week, Financial Associated Press reported that there are signs indicating that USA ports are about to be flooded with a large import of Copper, as traders are rushing to transport goods ahead of the tariffs that President Trump may implement.
The "well-known bulls" in the copper market support: inventory transfer + supply not meeting demand, copper prices can rise another 1/3 at most!
A highly regarded bullish figure in the Copper market once again predicts that copper prices will reach an all-time high.
Base Metal Prices Mixed After Copper Briefly Hits $10,000 -- Market Talk
Commodity Roundup: Copper Prices Top $10,000 Ahead of Trump's Potential Tariffs
After breaking 0.01 million dollars, how much longer can the price of Copper continue to rise.
Morgan Stanley believes that although the current supply fundamentals of Copper are solid, the rise in speculative positions and tightening term spreads may exacerbate market volatility. Additionally, any changes in tariff policies could lead to market reversals.
