Copper prices have rallied after months of lows amid a slight drop in the value of the U.S. dollar. Prices hit their lowest point since November 2020 in early July as increased COVID-19 cases in China, rising inventories, hawkish interest rates and a potential recession affected investor sentiment.
By July 7, 2022, copper for delivery in the month of September was trading at $3.57 per pound, which is about $7,875 on the New York COMEX Market, rising by 5% from the…
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