Core Viewpoint - Copper prices have surged to historic highs, driven by expectations of interest rate cuts by the Federal Reserve and further easing policies next year, with a nearly 35% increase in prices this year [1] Group 1: Market Dynamics - The dual effect of interest rate cuts and accelerated economic growth is expected to boost copper demand, according to analysts from ANZ [1] - Ongoing supply concerns, including high copper inventories in the U.S. and multiple mine shutdowns this year, have intensified market worries [1] Group 2: Demand Drivers - The continuous rise in copper prices indicates that the current market trend is primarily driven by supply constraints, as well as demand from energy transition and infrastructure related to artificial intelligence [1]
铜价创历史新高 降息预期与供应短缺共推涨势
Ge Long Hui·2025-12-12 13:47