Dive into the latest surge in copper prices as we explore the significant leap past the $4 mark. This video analysis highlights copper’s journey towards its all-time peak of $4.94, set on February 28, 2022, and contrasts it with the 5-year low of $2.17 on March 23, 2020.
Understand the role of the strong dollar and its impact on copper prices, especially with the current 7.20 Yuan exchange rate. We’ll also discuss the potential effects of Federal Reserve rate decisions and the current halt in Chinese smelting on copper’s supply and demand dynamics.
Don’t miss the insights on what could drive copper prices in the upcoming week, particularly with the anticipated press conference by Jerome Powell. Stay tuned for a comprehensive breakdown of the factors at play in the copper market.
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