Fed Decision Fuels Copper Price Surge Amid Supply Chain Woes

Copper prices surged by 1.3% on the London Metal Exchange (LME) to $13,753 per ton, as traders weighed the implications of the US Federal Reserve's interest rate decision.

The Fed left interest rates unchanged, but three policymakers favored a quarter-point increase to combat inflation.

Despite this cautionary signal, tight physical markets and signs of supply chain disruptions have driven copper prices higher.

China, the world's largest commodity consumer, has yet to take aggressive measures to boost economic growth despite a slowdown, keeping expectations for metal demand relatively stable.