Copper breaks $13,000 on strike and tariff fears – Commerzbank

💡 DMK Insight

Copper’s jump past $13,000 per ton is a big deal for traders right now. The strike at Chile’s Mantoverde mine is tightening supply, which could lead to further price increases if the situation escalates. This isn’t just about copper; it could ripple through related markets like aluminum and nickel, which often follow copper’s lead. If you’re trading copper, keep an eye on the $13,500 resistance level—breaking through could signal a bullish trend. On the flip side, if the strike resolves quickly, we might see a pullback. Watch for updates on the strike and any news regarding US tariffs, as these factors could shift market sentiment rapidly. Traders should also monitor the daily trading volume; a spike could indicate strong buying interest or panic selling, depending on the news flow.