Key Facts
Copper slipped again with the CPER copper futures tracker settling at 38.33 dollars, down 1.13% day-on-day.
Chile remains the world’s top copper producer with Peru holding second place, anchoring global supply from Latin America according to industry and government data not contradicted by recent reporting.
China still sets the tone for copper demand as its construction, manufacturing and grid spending dominate global consumption and drive sentiment across metals markets.
The energy transition keeps a structural bid under copper because electrification, renewables and electric vehicles all require far more wiring and high-grade metal than fossil-heavy systems.
