Copper futures ticked higher today following a sharp decline in London Metal Exchange (LME) warehouse inventories, signaling tightening spot supply. Analysts attribute the drawdowns to sustained demand from green energy projects and power grid upgrades across Asia and Europe. Meanwhile, major South American producers report minor output disruptions due to localized labor negotiations and logistics delays, lending further support to prices near key resistance levels.
Copper Edges Upward as LME Inventories Drop to Multi-Month Lows
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