Copper stabilizes near $14,000 amid lower rate hike expectations

Last week, copper prices rose above $14,000 per ton, supported by supply shortages and expectations that U.S. interest rates will not be increased. The decline in inflation fears and the slowdown in the U.S. labor market boosted demand for the metal. Meanwhile, the price stabilized around $14,080 per ton as expectations of interest rate hikes diminished. It is anticipated that prices will remain high and volatile in the short term, amid ongoing metal flows into markets, with reports warning of the potential impact of interest rate hikes on metal prices.

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