Metal Recovery in a Stable Market Context

The global metals market is showing signs of positive change as commodities like copper, silver, and gold begin to regain upward momentum. After a sharp sell-off earlier, metal prices have gradually stabilized, reflecting renewed investor confidence.

Copper Recovers After Global Sell-Off

According to data from Jin10, the price of copper futures on the London Metal Exchange (LME) has increased by 2% to $13,145.50 per ton. This represents a significant rebound from the recent historic low, which saw a 15% decline. Not only copper, but other industrial metals have also regained some value, helping to stabilize the overall global metals market.

Long-Term Outlook and Currency Challenges

Mr. Li Xuezhi, Director of the Chaos Ternary Future Research Institute, commented that the current upward momentum in metal prices remains unstable. He noted that expectations for a loose monetary environment in the United States are becoming more unpredictable, leading to short-term uncertainty. A positive factor is that the price gap between the New York Commodity Exchange and LME has narrowed considerably, reducing the risk of tightening on the LME.

However, this analyst remains optimistic about the medium and long term. He forecasts that metal prices will stay high in the coming years due to ongoing disruptions in the global mining supply chain, exerting supply-side pressure on industrial metals.