Mentioned
Copper (Expiring Future)
COPPER.FUT
0.005 (0.08%)
6.370
6.374
ChinaA50 Index (Non Expiry)
CHINA50
188.00 (1.21%)
15747.15
15759.15
Guillaume Fromentin
Guillaume Fromentin
Reunion Island
1mo
••• Copper prices have surged to a record $6.58 per pound, now up +75% since October 2023 and over +40% in 12 months. The surge comes amid tight supply, declining inventories in China, and surging demand for data center construction. Furthermore, supply disruptions at the world's 2nd-largest copper mine in Indonesia are adding to the pressure. Meanwhile, China's exports jumped +14% YoY in April, led by booming clean-tech shipments, components that are materially copper-intensive, tightening the market even further. The global economy is scrambling for copper. $COPPER.FUT $CHINA50
Not investment advice. The author may have financial interests in the mentioned instruments.
2 Mentioned
Copper (Expiring Future)
COPPER.FUT
Copper (Expiring Future)
ChinaA50 Index (Non Expiry)
CHINA50
ChinaA50 Index (Non Expiry)
null
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