04/04/2025 09:28

Copper Futures ($US)

Copper (Cu) has already tumbled over 8% from this month's high as tariffs disrupted the market, prompting traders to rush to send Cu to the US before the tariffs took effect. However, as markets return to normalcy amid increasing fears of a global recession taking hold, Dr. Copper is out of vogue

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27/02/2025 09:25

Copper Dec’25 Futures ($US)

Copper futures initially surged after President Donald Trump ordered the US Commerce Department to examine possible import tariffs on all forms of the metal. 

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17/02/2025 09:28

Shawn’s Trading Ideas – Buy Copper ETF

As discussed previously, we are bullish about Copper (Cu) targeting new recent highs over the coming weeks/months. The Wire ETF has dragged the chain compared to ASX-traded Sandfire (SFR), with the overseas heavyweight Cu stocks not yet embracing the industrial metal’s recovery.

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17/02/2025 09:24

Copper Dec’25 Futures ($US)

Copper (Cu) slipped over 2% on Friday night, but it still made fresh nine-month highs last week. The supply/demand backdrop for Cu remains bullish, with BHP echoing our thoughts with their failed massive ~$77bn takeover attempt of major producer Anglo America (AAL LN).

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13/02/2025 09:27

Copper ($A)

Copper (Cu) has been experiencing a choppy time lately, but its net direction is up. The industrial metal advanced ~2.3% overnight, making fresh 2025 highs in the process.

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10/02/2025 09:35

Copper Dec’25 Futures ($US)

Copper is trading in “Contango”, the opposite of Fe, which supports Cu producers. On Friday, March’25, Copper was trading at $US4.59/lb compared to $US4.76/lb in March ’26, a ~4% premium.

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06/02/2025 09:42

Copper ($A)

Copper (Cu) is another commodity which has benefitted from the weak $A, and following last night’s +2% gain by futures in the US a test of 2024 highs, in $A terms, looks likely which is supporting the likes of local producer Sandfire (SFR), now up over +8% so far in 2025.

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08/11/2024 09:15

Copper (Cu) $US4.44

Cu has surged over 5% from its initial panic-like sell-off as Trump's win propelled the US dollar higher. There’s nothing like a sharp reversal to see traders scramble to cover “bad bets.”

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28/08/2024 09:33

Copper

Copper (Cu) has eked out a ~$0.30 bounce from its early August low, similar to the one witnessed in June/July. At MM, we are bullish on Cu over the coming years as global electrification will leave the industrial metal in short supply. However, the spluttering Chinese economy and risks of a potential global recession have weighed on Cu over recent months, sending it down ~25% from its May high - a much larger retracement than MM envisaged.

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19/08/2024 09:26

Trade of the Week

Copper has been one of our preferred resource views in 2024, but after soaring into late May, the industrial metal has fallen away due to four factors: heightened global recession fears, China property/construction collapse, slow global adoption of EVs, and the general unwind of a crowded bullish position. However, after correcting ~28%, we believe the risk/reward has finally returned for the bulls.

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