Copper Price Forecast: Bulls Push Price to New Multi-Year High 2020-09-18 22:00:00 Copper Prices, Economic Recovery, Chinese Imports – Talking Points Copper bulls drive price to new multi-year high Lackluster US Dollar helping to support prices Market imbalances continue as China drives demand Copper futures rose to a fresh multi-year high on Friday. The current COMEX futures price shows $3.1070 per pound , with the rally from its March lows just north of 57%. […] Copper Futures vs US Dollar (Daily Price Chart) Chart Created with TradingView Due to its broad use throughout various industries, the price of copper correlates well with economic output. Thus, the rise in copper prices may serve as a bellwether for continued economic growth. […] Also, analyzing copper price trends with Chinese imports reveals that China prefers to purchase copper when prices are weak.
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