Black Monday

[Valuegrowth]

For now, it seems cooper prices have peaked. Mr copper is following stocks. China’s slowdown is also putting copper prices down. Assets price may drop like hot potatoes if things get worse.

https://www.tradingview.com/symbols/COPPER/

Copper chart

[Daytr]

For now, it seems cooper prices have peaked. Mr copper is following stocks. China’s slowdown is also putting copper prices down. Assets price may drop like hot potatoes if things get worse.

https://www.tradingview.com/symbols/COPPER/

Copper chart

Yes pretty big fall.
Warehouses are full as China has pulled back from buying, but that can't last.

[Valuegrowth]

Yes pretty big fall.
Warehouses are full as China has pulled back from buying, but that can't last.

You’re right. Any way copper also has volatility. Copper priced dropped heavily from 1982-1986. Then in 1991-2002. Huge uptrend began in 2003. Stright up until 2006. From there some volatility until 2008 before the huge fall until beginning of 2009.Rally began again until 2011 and then dropped until 2016 before the volatility until 2020. From there another rally until 2022 hitting all time high. New all time high hit in 2024. From here there is a chance to move copper prices lower again. It seems copper sell-off is also not far away. Copper value investors are going to get another great opportunity.

https://tradingeconomics.com/commodity/copper

Copper futures fell past $4.3 per pound in July, the lowest in three months, as pessimism over industrial demand in top consumer China continued to weigh on base metal prices. Remarks from President Xi Jinping following the conclusion of the CCP’s Third Plenum refrained from signaling specific stimulus measures to boost domestic consumption in the near term, exacerbating concerns of poor factory demand in the world’s top manufacturing sector and copper consumer. The developments followed concerning factory activity data, with the domestically-focused NBS manufacturing PMI contracting for a second month in June, driving smelters and broader factories to rely on foreign demand for growth, as signaled by the 187% annual surge in copper exports in the period. Consequently, threats of trade barriers from the US and Europe magnified the bearish momentum. In the meantime, copper inventories remained high in Chinese warehouses, driving the Yangshan premium to remain near the 0 threshold.