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Copper futures climbed toward $6.60 per pound on Friday, snapping a three-day decline, driven by a softer US dollar, supply disruptions from strikes and weather in Chile, and robust demand from data centers, semiconductors, and battery storage.
"Two things are happening at the same time. That was too much for the market to chew in one go and some profit-taking is emerging."
Red dominated the global commodity market yesterday (October 15). The MXV-Index fluctuated, closing at 2,928 points, down 0.27%. While most commodities weakened, sugar prices continued to buck the trend, currently 120-140 USD/ton higher than the same period last year.