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Copper Breaks Through: Why Five Ninety-Seven is the Number to Watch This Week
https://www.instagram.com/vanessaclarkipai
This is your Daily Copper Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Copper Price Tracker with Vanessa Clark. Im your host Vanessa, chatting with you like were grabbing coffee together about the latest in copper news and prices.
Right now, copper is showing some real strength. The COMEX May 2026 contract settled at five dollars ninety-nine cents per pound on February twenty-fourth, up over two and a half percent and hitting its highest close since early February. Over on the London Metal Exchange, benchmark three-month copper climbed to around thirteen thousand two hundred dollars per ton, boosted by demand optimism from the US and firmer buying in China after their Lunar New Year holiday. Economies.com notes its approaching a key resistance at five dollars ninety-seven cents per pound, with a bullish trend forecast and potential to push toward six dollars twelve cents if it breaks through.
Chinas market is waking up slowly post-holiday, with spot prices at about one hundred one thousand yuan per tonne and inventories up sharply to over five hundred thousand tonnes due to strong supply. But heres the good news lifting prices: a US Supreme Court ruling eased tariff fears, dropping potential levies on Chinese goods from thirty-two percent to twenty-four percent, sparking optimism for metal exports. Plus, physical demand is picking up, with Yangshan premiums rising.
Longer term, copper demand is outpacing growth thanks to electrification, AI data centers, and green energy needs, even as inventories hit multi-year highs. Teck Resources CEO says its booming beyond economic trends.
Takeaway for you: If youre trading or investing, watch for a break above that five ninety-seven barrier for upside, but keep an eye on inventories for any pullback risks. Consider hedging if youre in manufacturing.
Thanks for tuning in, friends. Subscribe so you never miss a price update, and catch you next time on Daily Copper Price Tracker!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
This is your Daily Copper Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Copper Price Tracker with Vanessa Clark. Im your host Vanessa, chatting with you like were grabbing coffee together about the latest in copper news and prices.
Right now, copper is showing some real strength. The COMEX May 2026 contract settled at five dollars ninety-nine cents per pound on February twenty-fourth, up over two and a half percent and hitting its highest close since early February. Over on the London Metal Exchange, benchmark three-month copper climbed to around thirteen thousand two hundred dollars per ton, boosted by demand optimism from the US and firmer buying in China after their Lunar New Year holiday. Economies.com notes its approaching a key resistance at five dollars ninety-seven cents per pound, with a bullish trend forecast and potential to push toward six dollars twelve cents if it breaks through.
Chinas market is waking up slowly post-holiday, with spot prices at about one hundred one thousand yuan per tonne and inventories up sharply to over five hundred thousand tonnes due to strong supply. But heres the good news lifting prices: a US Supreme Court ruling eased tariff fears, dropping potential levies on Chinese goods from thirty-two percent to twenty-four percent, sparking optimism for metal exports. Plus, physical demand is picking up, with Yangshan premiums rising.
Longer term, copper demand is outpacing growth thanks to electrification, AI data centers, and green energy needs, even as inventories hit multi-year highs. Teck Resources CEO says its booming beyond economic trends.
Takeaway for you: If youre trading or investing, watch for a break above that five ninety-seven barrier for upside, but keep an eye on inventories for any pullback risks. Consider hedging if youre in manufacturing.
Thanks for tuning in, friends. Subscribe so you never miss a price update, and catch you next time on Daily Copper Price Tracker!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
View all episodes
By Inception Point Aihttps://www.instagram.com/vanessaclarkipai
This is your Daily Copper Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Copper Price Tracker with Vanessa Clark. Im your host Vanessa, chatting with you like were grabbing coffee together about the latest in copper news and prices.
Right now, copper is showing some real strength. The COMEX May 2026 contract settled at five dollars ninety-nine cents per pound on February twenty-fourth, up over two and a half percent and hitting its highest close since early February. Over on the London Metal Exchange, benchmark three-month copper climbed to around thirteen thousand two hundred dollars per ton, boosted by demand optimism from the US and firmer buying in China after their Lunar New Year holiday. Economies.com notes its approaching a key resistance at five dollars ninety-seven cents per pound, with a bullish trend forecast and potential to push toward six dollars twelve cents if it breaks through.
Chinas market is waking up slowly post-holiday, with spot prices at about one hundred one thousand yuan per tonne and inventories up sharply to over five hundred thousand tonnes due to strong supply. But heres the good news lifting prices: a US Supreme Court ruling eased tariff fears, dropping potential levies on Chinese goods from thirty-two percent to twenty-four percent, sparking optimism for metal exports. Plus, physical demand is picking up, with Yangshan premiums rising.
Longer term, copper demand is outpacing growth thanks to electrification, AI data centers, and green energy needs, even as inventories hit multi-year highs. Teck Resources CEO says its booming beyond economic trends.
Takeaway for you: If youre trading or investing, watch for a break above that five ninety-seven barrier for upside, but keep an eye on inventories for any pullback risks. Consider hedging if youre in manufacturing.
Thanks for tuning in, friends. Subscribe so you never miss a price update, and catch you next time on Daily Copper Price Tracker!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
This is your Daily Copper Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Copper Price Tracker with Vanessa Clark. Im your host Vanessa, chatting with you like were grabbing coffee together about the latest in copper news and prices.
Right now, copper is showing some real strength. The COMEX May 2026 contract settled at five dollars ninety-nine cents per pound on February twenty-fourth, up over two and a half percent and hitting its highest close since early February. Over on the London Metal Exchange, benchmark three-month copper climbed to around thirteen thousand two hundred dollars per ton, boosted by demand optimism from the US and firmer buying in China after their Lunar New Year holiday. Economies.com notes its approaching a key resistance at five dollars ninety-seven cents per pound, with a bullish trend forecast and potential to push toward six dollars twelve cents if it breaks through.
Chinas market is waking up slowly post-holiday, with spot prices at about one hundred one thousand yuan per tonne and inventories up sharply to over five hundred thousand tonnes due to strong supply. But heres the good news lifting prices: a US Supreme Court ruling eased tariff fears, dropping potential levies on Chinese goods from thirty-two percent to twenty-four percent, sparking optimism for metal exports. Plus, physical demand is picking up, with Yangshan premiums rising.
Longer term, copper demand is outpacing growth thanks to electrification, AI data centers, and green energy needs, even as inventories hit multi-year highs. Teck Resources CEO says its booming beyond economic trends.
Takeaway for you: If youre trading or investing, watch for a break above that five ninety-seven barrier for upside, but keep an eye on inventories for any pullback risks. Consider hedging if youre in manufacturing.
Thanks for tuning in, friends. Subscribe so you never miss a price update, and catch you next time on Daily Copper Price Tracker!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI