Metals Market Stagnates Amid Rising Treasury Yields

Copper has retreated from its recent high near $6.95 despite a drop in inventories in China. The metal's rally has been hindered by rising US Treasury yields, which have broken above 5%. This makes it challenging for metals to surge in the short term.

Uranium, on the other hand, has a stronger demand outlook in the long term due to Italy and Poland's advancement of nuclear plans. However, uranium ETFs remain weak in the short term, indicating mixed signals from investors.

Lithium is also facing mixed signals from the EV market in China, which could impact its price movement.