Copper Pressured by Risk-Off Mood

2025-11-05 04:18 By Jam Kaimo Samonte 1 min. read

Copper futures fell toward $4.9 per pound in early November, nearing one-month lows as a global risk-off wave rattled financial markets.

Equities sold off amid growing concerns over stretched valuations and uncertainty surrounding further Federal Reserve rate cuts, dampening investor appetite for commodities.

Weak manufacturing data from top consumer China further weighed on sentiment, clouding the demand outlook for industrial metals.

Still, copper prices found some support from ongoing supply constraints, with major miners including Glencore and Anglo American reporting lower production in the first nine months of the year.

Meanwhile, a fatal mudslide at a Freeport-McMoRan mine in Indonesia forced the suspension of operations responsible for more than 3% of global output, prompting consumers to seek alternative sources.



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