LME copper prices hit 15-month peak as Fed rate cut expectations fuel global demand surge

LME copper prices hit a 15-month peak, as an imminent US Federal Reserve rate cut fuelled optimism across risk assets. LME copper futures climbed up by 1% to $10,173/t, their highest since Jun’24, on expectations of a quarter-point cut and possible further easing this year. Lower interest rates typically weaken the dollar, boosting industrial metals such as copper by making them more attractive to global buyers.