Reported about 2 months ago
With investment funds pulling back from the copper market, physical buyers are dominating as demand in China and other markets is expected to weaken further. A significant rally earlier in the year, driven by anticipated shortages, has reversed as manufacturing activity remains sluggish, leading to a surplus in stocks and plummeting prices. Analysts project further surpluses in the coming years, with prices potentially falling back towards $8,000 unless global demand picks up significantly.
Source: YAHOO