CoinWorld News, German Commercial Bank analysts stated that due to risk aversion sentiment, copper prices are expected to decline this week, with an estimated drop of 2.7%. The analysis pointed out that ongoing Middle East conflicts could drag down the global economy and demand, causing copper prices to fall about 5% from the mid-May highs. Nevertheless, the market fundamentals remain supportive, as Chile has lowered its copper production outlook due to lower ore grades and operational issues, and Indonesia's Grasberg mine's resumption progress has also been slower than expected.

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YieldKaraoke
· 3h ago
Safe-haven assets rise, risk assets fall, the old script again, with copper as an industrial metal bearing the brunt.
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PatchNotes
· 8h ago
A 2.7% decline is neither too big nor too small; the key is whether it can hold this week.
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WaitingForConfirmationUnderThe
· 8h ago
Ore grade decline is a long-term issue; this recent dip has actually provided a good buying opportunity.
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RetroKeysAndPositions
· 8h ago
The peak in mid-May has passed this wave, the technical aspect has already broken support, and there is still room below.
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LintCollector
· 8h ago
Chile's production has been scaled back, Indonesia is also dragging behind, and the fundamentals and macro aspects are at odds.
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NeonUmbrella
· 8h ago
Industrial metals are watching China's demand; now with domestic policies gaining momentum, copper prices have a floor below.
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0xCaffeine
· 8h ago
Global economic slowdown expectations + geopolitical conflicts, copper prices face dual pressure, difficult to rebound in the short term
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Low-PolyEarth
· 8h ago
Copper has dropped quite sharply this time. When the Middle East causes a disturbance, the whole world trembles along.
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MintLiquidationWarning
· 8h ago
Supply stories are still ongoing, demand stories are suppressed by macro factors, copper is now just a sandwich cookie.
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LiquidityTeaMaster
· 8h ago
When will this Middle Eastern powder keg come to an end? Commodities are trembling every day with anxiety.
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