Copper Prices Weaken Under Selling Pressure

Copper prices are trending downward, with copper (HG) currently trading at $6.5435, down 1.17% on the day and nearing its session low.

The market is experiencing short-term selling pressure, with copper sitting below its short- and medium-term moving averages but still above its primary long-term benchmark.

Despite this, supply constraints have intensified due to traders holding refined copper in U.S. warehouses amid tariff concerns and falling global mine output.