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Metal Markets Rally on Supply Concerns and Strong Demand
Global metal prices surged this week as supply disruptions and robust industrial demand fueled bullish sentiment. Copper led the gains, climbing to $9,800 per ton amid production cuts in major mining regions. Analysts attribute the rally to renewed optimism in manufacturing recovery, particularly in China and the U.S.
Aluminum and nickel also saw upward momentum, supported by tightening inventories and rising energy costs, which pressured smelting operations. Meanwhile, gold held steady near $2,400 per ounce as investors weighed mixed signals on interest rates.
"Supply constraints and green energy demand are driving metals higher," said Lisa Chen, a commodities strategist at Barclays. "However, volatility may persist amid geopolitical risks and currency fluctuations."
Market participants are closely monitoring trade policies and central bank moves for further direction.
(Sources:Reuters)
Global metal prices surged this week as supply disruptions and robust industrial demand fueled bullish sentiment. Copper led the gains, climbing to $9,800 per ton amid production cuts in major mining regions. Analysts attribute the rally to renewed optimism in manufacturing recovery, particularly in China and the U.S.
Aluminum and nickel also saw upward momentum, supported by tightening inventories and rising energy costs, which pressured smelting operations. Meanwhile, gold held steady near $2,400 per ounce as investors weighed mixed signals on interest rates.
"Supply constraints and green energy demand are driving metals higher," said Lisa Chen, a commodities strategist at Barclays. "However, volatility may persist amid geopolitical risks and currency fluctuations."
Market participants are closely monitoring trade policies and central bank moves for further direction.
(Sources:Reuters)