Copper’s Outlook Remains Strong Despite Recent Volatility
Precious metals have experienced a significant surge in prices these past weeks, driven by rising demand as investors increasingly seek safe-haven assets amid escalating trade tensions between the United States and China. Silver was trading at $52 an ounce just this week while gold saw its price increase to $4,100. Copper has also seen its price rise by over 3% to reach $5.01 per pound. This comes as the red metal market continues to be negatively impacted by issues on its supply side. Just recently, the Grasberg mine saw its operations get disrupted following flooding in its underground tunnels. These…