Commodity Market Report
Global copper short-term outlook August 2024
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Report summary
The downward trajectory in copper that emerged in July stalled in early August after 3-month prices declined to a low of US$ 8,714/t, their lowest level since 12 March 2024. 3-month prices have since rallied to levels close to US$9,500/t on the back of supply disruptions and improving sentiment over the potential of interest rate cuts in the US.
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