Expert Says Copper’s Price is Disconnecting from Market Fundamentals tyhu
Copper has emerged as one of the standout commodities in Australia’s mining market this year, with investor enthusiasm for the metal helping drive major producers. The optimism is supported by copper’s importance to electrification, renewable energy and data-center infrastructure. However, analysts are increasingly warning that the rapid rise in copper prices and mining valuations may be running ahead of the commodity’s underlying market fundamentals. Recent data shows copper now represents over 34% of this financial year’s earnings across ASX-listed miners by commodity, slightly ahead of iron ore at 33.4 per cent. Copper futures recently reached a record $14,858.50 a ton…