Via Metal Miner Copper prices saw a 1.90% increase during the final month of the year. By late December, this managed to bring them to their highest level since August, leading to mixed copper price forecasts for 2024. However, prices began to retrace from their 5-month peak by the start of 2024. By mid-January, they remained trapped within their long-term sideways trend (get weekly updates on copper market fluctuations with MetalMiner’s weekly newsletter).
Overall, the Copper Monthly Metals Index (MMI) moved sideways, with a 1.34% increase…Copper Supply Disruptions Fuel Market Uncertainty
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