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Copper prices rose in 2024 under the influence of Fed policy shift expectations and supply tightening, and copper mines were tight. Copper stock futures rose, capital inflows were significant, and market expectations were unanimously strengthened.

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[copper price trend in 2024: policy and supply crunch drive prices soar]

In 2024, the fluctuation of copper price is mainly affected by two major factors: on the one hand, investors' expected changes in Fed policy adjustment and the better-than-expected economic performance in Europe and the United States; on the other hand, there are many disturbances in copper supply in 2024 and a significant increase in global smelting capacity, leading to a tension in copper resources. Overall, optimistic expectations on the macro policy side and tightening expectations on the supply side have pushed up.PlaygamesforcryptoThe price of copper has raised market expectations of tight supply and demand in 2025-2026.

playgamesforcrypto| Zijin Mining: Review of copper price trend Tight copper supply drives up market expectations

Since March, copper stocks and futures markets have shown a rising trend. Zijin Mining's shares broke through the upside in early March, attracting a large amount of money into the Shanghai copper market. On March 13, the copper position in Shanghai increased to 48.Playgamesforcrypto880,000 hands, more than 100000 more than before the Spring Festival. As of April 30, the position of copper in Shanghai further increased to 617000 lots, compared with the expansion of 129000 lots on March 13, indicating the deep involvement of funds.

There was no significant decline in positions during the Shanghai copper price adjustment period from March 19 to 27. After March 28, as copper prices rose again, the expansion of copper positions in Shanghai slowed, but the increase in copper prices accelerated. This phenomenon indicates that market expectations for a rise in copper prices tend to be consistent.