Commodities
Copper Ticks Up Near Record High Amid Tight Chinese Supply
Copper prices remain strong near their record high after five consecutive sessions of gains. The decline in Chinese inventories and higher Shanghai spot premiums indicate tight supply in the short term.
The disruptions at the mine also contribute to the price increase, but weak import demand and pressure on China's property sector may temper the rally.
The technical outlook for copper is positive, with improving strength indicated by ratios between copper, gold, and silver.