Copper Rises on Risk-On Mood

2025-11-06 03:42 By Jam Kaimo Samonte 1 min. read

Copper futures rose toward $5 per pound on Thursday, recouping losses from earlier in the week as risk appetite returned to the markets amid signs of resilience in the US economy.

Data showed that US private employers added more jobs than expected in October, while services sector growth accelerated to an eight-month high.

Investors also awaited key data from China, including October trade and inflation reports, for insights into demand from the world’s top metals consumer.

Meanwhile, supply concerns continued to underpin copper prices amid expectations of a market deficit in 2026, with major miners such as Glencore and Anglo American reporting weaker output in the first nine months of the year.

Additionally, a fatal mudslide at a Freeport-McMoRan mine in Indonesia forced a halt in operations accounting for over 3% of global supply, prompting consumers to seek alternative sources.



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