Copper Price news, page-1022

I am also bullish commodities mid term. Copper will be in deficit as the world rushes towards an electric future.

Short term the Fed is raising rates and undertaking QT. We all know the saying, "don't fight the fed". Higher rates in the US should lead to a stronger usd and a weaker AUD, which is good for exports (if you are producing) but bad if you are importing machinery. If the Fed pursues a substantial QT and keeps raising rates then business, jobs and the share market will all suffer. This in turn may not be bullish for commodities.

However if Wall street win them over and slow or stop QT, then the merry-go-round and music start again.

Copper in 2024 will be substantially higher IMHO, what happens inbetween rests largely with the Fed.