Who is going to get a bargain!, page-19

Timing is perfect... Source, Commodities - Live Quote Price Trading Data (tradingeconomics.com)

Copper futures rose above $3.65 per pound on Thursday, hitting their highest levels in about six weeks, lifted by tight inventories across base metals and lower-than-expected US inflation numbers for July. Copper stockpiles in warehouses tracked by the Shanghai Futures Exchange were at their lowest since January 21, while London Metals Exchange inventories of the commodity fell to their lowest since June 29 and down 30% since May, as reported by Reuters. Meanwhile, US consumer price growth slowed to 8.5% in July 2022 from 9.1% in June amid a significant drop in gasoline prices, raising speculations for a less aggressive Federal Reserve tightening. However, US central bank officials pushed back against such expectations and reiterated their commitment to keep raising interest rates until they see compelling evidence that inflation sustainably abates.