US Rate Expectations Weigh on Copper Prices Amid Supply Concerns

Copper prices fell 0.12% to ₹1,389.7 as investors weighed concerns over supply against expectations of higher US interest rates.

Hawkish remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium increased expectations that the Fed may need to raise rates if inflation remains above target.

This strengthened the case for tighter monetary policy and weighed on industrial metals, with copper being no exception.

However, supply-side developments remained supportive, with total copper stocks in SHFE-monitored warehouses falling more than 19% last week.