Copper Prices Plummet To Lowest Levels Since 2020

Copper price action continues to show massive bear trends and signals further declines.  The continuous breakdown of short-term trading ranges fosters a volatile market. This leaves industrial buyers at risk of inventory value fluctuations. Spike in COVID Cases Puts China’s Recovery in Limbo and Affects Copper Prices The highly infectious BA.5.2 sub-variant of the coronavirus arrived in China as Beijing issued its first vaccine mandate. Meanwhile, Shanghai’s covid cases rose to their highest level since late May. The city continues…