Copper prices lose their momentum with the end of the supply crisis approaching

Copper prices have dropped for the third consecutive day, away from their highest levels in nine months, amid indications that supply disorders may withdraw faster than expected, due to the acceleration of the upcoming duties from the United States. According to “Bloomberg”, the US administration intends to impose customs duties on brass imports within a few weeks, instead of the extensive expected timeframe and stretching for months. This accelerated timetable can reduce the maneuvering margin before traders to redirect more than the metal to the US market, reducing the pressure on supplies. The red metal is on its way to record a limited weekly loss at the end of the week’s transactions. “The price of buyer is dropping rapidly as the trading to transport the metal to the United States will end soon,” Van Futures said, and a copper price is declining because the trade trading to transport the metal to the United States will soon end, “with reference to the benefit of the price differences between the markets to make a profit. Roy has pointed out. He will continue to increase his production of refined buyers, and expect a increase of 3% to 2.37 million tonnes in 2025. the price of buyer dropped 0.4% to 9804 dollars per ton at 11:44 in Shanghai. Prices reached its highest level on Wednesday, while most other minerals continue, as the price of aluminum fell by 0.5%, which recorded the seventh loss in a row.