Copper futures steadied around $5.35 per pound, remaining near multi-month highs as strong demand from China and the US, the world’s two largest economies, continued to support prices. Analysts cited solid growth in key Chinese sectors, including electric vehicles and energy infrastructure, while an artificial intelligence-driven investment boom in the US further boosted copper consumption. Markets also remained wary of potential US tariffs on refined metals, prompting traders to continue redirecting shipments into the country and tightening supply conditions elsewhere. On the supply side, ongoing disruptions at major global mining operations, particularly in Chile and Peru, reinforced the bullish outlook. However, uncertainty surrounding the US interest rate trajectory and the absence of stronger policy support from China tempered investor sentiment.
