Copper Prices Surge: Market Trends & Analysis

Copper Prices Surge: A Positive Trend in the MarketCopper prices are on the rise, with most contracts showing a slight increase in value as of ten AM on Monday, December first. The December twenty-fifth contract opened at five dollars and twenty-one cents per pound, reaching a high of five dollars and twenty-eight cents before settling at five dollars and twenty-three and a quarter cents. Other contracts, like January and February of twenty-six, also saw similar gains.The March twenty-sixth contract, a key indicator, saw significant activity with a substantial trading volume of over thirty-three thousand contracts. It opened at five dollars and twenty-eight and a quarter cents, climbed to five dollars and thirty-six cents, and closed at five dollars and thirty-one and a half cents.Even far-dated contracts, like March and May of twenty-seven, saw small but consistent gains, suggesting a broad upward sentiment across the copper market. The estimated volume for today was over forty-two thousand contracts, with open interest increasing by thirteen, indicating new money coming into the market. This consistent upward movement in copper prices could signal growing demand or supply concerns in the global economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.