Copper: What rises high can fall deep – Commerzbank

Since April 2nd, copper has experienced a significant price decline, initially exceeding 15%, according to Commerzbank commodity analyst Barbara Lambrecht. While some losses were recovered in subsequent trading, the price ultimately concluded the day down 10%. This substantial correction is attributed, in part, to an overheated market, particularly on the Comex exchange, exacerbated by tariff concerns.
Initial reports from Cesco, a prominent copper industry gathering in Chile, indicate a divergence in sentiment. The Chilean Copper Commission, Cochilco, has adopted a cautious outlook, suggesting that the peak price for the year has likely been reached. The ongoing trade dispute between the United States and China is cited as a primary factor contributing to this restrained perspective.