Copper Prices Steady Near Record Highs

Copper prices have remained remarkably steady, trading close to their all-time high. As of midday in London, prices were approximately $14,440 per ton, a mere $100 below the record set in January. This stability is occurring against a backdrop of significant market considerations.

Traders are closely monitoring potential supply constraints that continue to pose a risk to the market. Concurrently, the closure of US financial markets has led to a noticeable decrease in overall risk appetite among investors. This combination of factors has resulted in subdued trading volumes.