China Growth Boosts Copper Prices Amid Falling Chile Supply

Copper prices have remained resilient near record levels despite the broader correction in metals. The strong manufacturing activity in China is supporting the copper market, while falling production in Chile is also contributing to the bullish outlook.

The Chinese property investment has been weak, and copper prices are overbought, which creates a risk of short-term volatility. However, the long-term structure remains bullish as long as copper can hold the $6 support area to maintain its immediate trend.