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Copper Price Bounces off $6.36 Support Amid Strong Chinese Factory Activity

Guavy AI Editorial Team Published September 16, 2026

Instruments

Copper

Copper prices have been recovering towards $6.50 after finding support near $6.36, but the outlook remains uncertain in the short term.

The strong factory activity in China has been a key driver of this recovery, as well as rising demand from AI and power grids.

However, there are still some factors that may limit the recovery, including weak Chinese investment and higher LME inventories.

The strong US dollar is also a concern for copper prices.

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