 |
| Copper Price |
US Economic Growth Boosts Copper Demand
Copper price record was set on Thursday as the US growth forecast improved. Traders reacted positively to the Fed’s upgraded projection of 2.3% GDP growth next year, up from 1.8%. As a result, industrial metals, especially copper, gained strong market momentum due to heightened demand from manufacturing and renewable energy sectors.
Interest Rate Cuts and Supply Concerns Drive Prices
Meanwhile, the US Federal Reserve’s anticipated interest rate cut further supported copper prices. Inflation is expected to slow to 2.4%, improving financing conditions for industrial projects. In contrast, supply constraints and rising demand in China amplified market tension, pushing copper prices above $11,800 per ton on the London Metal Exchange.
Global Implications for Metal Traders and Recycling
As copper price record continues, scrap metal traders and recyclers face growing opportunities. Higher prices incentivize collection and processing of secondary copper. Moreover, the trend underscores the metal’s strategic importance in clean energy and electric vehicle supply chains. Therefore, market participants must closely monitor policy shifts and inventory dynamics.
ScrapInsight Commentary
Copper’s rally signals strong industrial demand amid improved US growth and supportive Chinese fiscal policy. We expect continued price volatility, while recycling and secondary supply will play a key role in balancing the market. Regulatory changes may further accelerate circular economy adoption.
