Inventory Slightly Increased but Demand Rose, Copper Prices Edged Down Overnight [SMM Morning Comment on Copper]
- feb 25, 2025, at 8:32 am
【Inventory Slightly Increased but Demand Rose, Copper Prices Fell Slightly Overnight】Macro side, Russian President Vladimir Putin stated that Russia and the US could agree on a 50% reduction in armaments, and Russia is expected to resume exporting aluminum products to the US, with an export volume of 2 million mt. Meanwhile, concerns about US economic growth have begun to emerge, and these concerns are intensifying as the deadline for Trump's tariffs on Canada and Mexico approaches next week, leading to a decline in copper prices.
