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Copper prices fall amid cautious sentiment

Copper prices fall amid cautious sentiment

老虎证券老虎证券2026/07/07 01:38
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They stated that the global copper concentrate market remains tight, with spot processing and refining fees further falling into negative territory, reflecting intense competition among smelters for raw materials. They added that macroeconomic uncertainty has limited price increases, as investors are uncertain about the U.S. tariff policy. They mentioned that, with strong fundamentals offset by persistent macro uncertainties, copper prices may remain range-bound in the short term. The three-month London Metal Exchange copper contract fell by 0.3%, to $13,364.00 per ton.
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