Technical read on the copper futures chart shows RSI near 65, signaling bullish but not yet overbought conditions. Short-term moving averages are crossing above longer-term ones—a textbook bullish signal. When I think about Barrick's Reko Diq project in Pakistan during the second quarter of 2025, I recognize a significant turning point. The updated feasibility study and the conditional board approval for Phase One financing have propelled the project forward, despite some concerns regarding the safety of such an investment. Additionally, the selection of Fluor as the engineering partner adds further confidence. This project is not just another mine; it represents a bold move toward a shift to copper. However, “copper input materials (such as copper ores, concentrates, mattes, cathodes, and anodes) and copper scrap” are not subject to the tariffs. Cathodes are pure sheets of copper used in everything from wiring to autos, construction, and machinery. Copper futures chart momentum is partly driven by speculative bets that stimulus measures in China will lift industrial output in H2—a familiar catalyst in commodity cycles.