Metals Suffer as Rising Yields Hit Copper and Uranium Demand

Copper prices have pulled back from their recent high near $6.95 despite a drop in inventories in China. The rise of US Treasury yields above 5% has made it harder for metals to rally in the short term.

The uranium market is expected to benefit from stronger demand due to Italy and Poland's plans to advance nuclear power, but uranium ETFs remain weak in the short term.

Lithium prices are being impacted by mixed signals from the EV market in China. The outlook for these metals will be shaped by key price levels that could influence their next move.