Copper prices continue their dynamic upward march, with futures contracts for this commodity rising by approximately 2% today.
Their current level is now just 2.6% below the historical maximum. This is an extension of a strong upward trend that has been ongoing for two weeks, during which copper has increased by over 8%.
The primary source of the current movement is the persistently high demand for raw materials, accompanied by significant supply-side pressure. The market is increasingly pricing in the limited availability of the metal, which is driving the current wave of growth.
It cannot be ruled out that the observed trend partially reflects expectations of an improvement in the economy and industry, although at the current stage, supply-demand factors remain the main driver of the increase.
COPPER (D1)
Source: xStation5
Daily Summary: Strong Russel and metals, ATH in UK
Bitcoin surges 2% approaching ATH levels 📈
Emission contracts surge upwards! 📈🏭
3 markets to watch next week (03.10.2025)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
