Copper Market Rally Loses Steam as Demand Fails to Keep Up

Via Metal Miner Overall, the Copper Monthly Metals Index (MMI) rose 3.48% from May to June. A short squeeze helped the price of copper peak at a new all-time high in late May, followed by a sharp downside correction. This resulted in an overall 3.7% rise from the close of April. CME copper prices then continued to retrace during the first half of June, wiping out all of May’s gains as they continued searching for a new bottom. Copper markets are constantly shifting. Get all of the latest updates on what you should anticipate in future copper…