Tag: Manufacturing Purchasing Managers’ Index (PMI)

LME copper surged to $10,000/ton on US rate cut hopes; inventories rose, easing supply pressures. Market optimism on Fed action boosted copper demand despite speculative futures. Concerns over China’s recovery persist; rising copper stocks reflect market adjustments amid global uncertainty. In July, copper prices on the London Metal Exchange (LME) rose sharply after expectations grew…