Bearish Sentiment Clouds Copper Market as Oversupply Floods the Market
Growing signs of weakness are emerging in the global copper market, particularly in physical trading. Even before geopolitical tensions surrounding the conflict in Iran raised fears about slower global economic growth, copper sellers were already facing difficulty finding buyers. Demand from China has softened, and traders have begun reducing shipments to the United States as the earlier rush to move metal ahead of potential tariffs fades. This situation has created a notable divide between the physical copper market and futures trading. While inventories in the real-world market are increasing due to slowing demand, copper futures prices are still hovering near record highs, supported by strong interest…