INSUBCONTINENT EXCLUSIVE:
Copper prices tumbled to $4.79397 per pound this morning, continuing a sharp downward trend that began earlier this week
TradingView data published by analyst mattcamen shows the industrial metal dropped 0.33% since market open on April 4, 2025.The price chart
reveals a dramatic collapse in copper values over the past 48 hours
Copper traded steadily above $5.00 per pound throughout late March before suffering a precipitous fall on April 3rd.The metal has since
formed a clear pattern of lower highs and lower lows on hourly charts
price represents a nearly 8% decline from the $5.20 level seen just days ago, erasing weeks of gains in the process
Technical indicators suggest strong bearish momentum dominates the market.The steep downward trajectory shows no signs of reversal yet
Copper now tests critical support around the $4.80 mark after breaking through multiple technical levels during its rapid descent.Copper
Prices Plunge Below $4.80, Marking Steep Decline From March Highs
(Photo Internet reproduction)Market analysts attribute the sell-off to renewed global economic concerns
Trade tensions have escalated this week following new tariff announcements
China, which consumes roughly half of global copper supplies, faces particular uncertainty in the current climate.Copper Prices Slide Amid
Economic UncertaintyThe industrial metal serves as a key barometer for manufacturing activity and economic health
Its recent price action signals growing pessimism about near-term growth prospects among traders and investors
surged during the sell-off
Institutional investors appear to be reducing exposure to industrial commodities amid the uncertain economic outlook
sharply with its performance earlier this year when supply concerns drove prices to multi-year highs
The metal had benefited from infrastructure spending plans and green energy initiatives that require substantial copper inputs.Market
participants now watch for stabilization signs as prices approach the psychologically important $4.75 level
The speed and magnitude of the current decline may eventually attract bargain hunters
However, the trend remains decidedly negative for now.
