Copper nudges up on support from stockmarket rally and China demand
Bullish strength: 75/100
- LME copper rose 0.22% and Shanghai copper futures gained 0.5%.
- China's Yangshan copper premium reached $178 per ton, its highest since 2014.
- SHFE copper inventories fell more than 25% to 54,356 tons.
- A global stock market rally improved macroeconomic sentiment.
Bearish strength: 25/100
- LME-registered copper warehouse stocks rose, helping relieve global supply fears.
- Copper prices remain exposed to shifts in macroeconomic sentiment and AI-related investment expectations.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.