INSUBCONTINENT EXCLUSIVE:
TradingView data reveals copper prices holding steady at $4.45188 per pound on April 11, 2025, at 08:55 AM CEST
imports, effective April 12.Trading volumes fell 15% as investors hesitated, but prices later recovered to $4.45
Overnight, Chinese state-owned enterprises bought 200,000 tonnes, stabilizing the market between $4.41155 and $4.45188.Globally, the
Shanghai Futures Exchange reported a 0.8% rise in copper contracts, reaching 73,290 yuan per metric ton
However, the Shanghai premium weakened to $27 per tonne, hinting at softer demand.The London Metal Exchange saw three-month contracts at
$8,900 per tonne, bolstered by a 3.2% drop in warehouse stocks
Tensions and Supply Shifts
(Photo Internet reproduction)Trade tensions drive uncertainty, with the U.S.-China tariff war escalating
90-day tariff pause by the U.S
on April 10 lifted prices slightly
Meanwhile, global smelting activity fell, with inactivity at 12.6% in March, cutting output by 150,000 metric tons.Copper Market
UpdateSupply dynamics shift as Hindustan Copper resumed production at its Kolihan mine on April 10, boosting shares by 3.33%
Yet, labor strikes in Chile and Peru threaten output, potentially reducing supply by 10,000 tons.Investors pulled $120 million from copper
ETFs this week, reflecting caution, while speculative positions dropped from March highs
Technically, copper tests the 50-day moving average at $4.40458, with an RSI of 42 signaling stability.Support sits at $4.36144, and
resistance looms at $4.45681
The market balances long-term demand from green energy against short-term trade and economic challenges
near-term volatility persists amid geopolitical and supply uncertainties.
