Metals Rally: Copper Eyes $7 Breakout as Uranium and Lithium Gain Momentum
Copper prices are showing signs of a breakout above $7, potentially targeting $7.50 as demand remains strong.
Supply risks and limited gains due to weak Chinese factory activity and a stronger US dollar may temper copper's rally.
Uranium, on the other hand, is benefiting from new nuclear projects and rising long-term fuel demand.
Lithium is also receiving support from China's expansion of EV charging and battery storage infrastructure.