Copper Rises Above $9,000 on Positive Factory Data
By
Xiaojun Chang
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Copper prices surged back above $9,000 a ton, driven by positive factory data from China and the potential for output cuts by leading smelters. The optimism stems from encouraging data, including China's official manufacturing purchasing managers index hitting a one-year high and the unexpected halt in US manufacturing activity decline. The rise in copper prices reflects increasing confidence in the world's second-largest economy and global manufacturing.