Copper futures contract sentiment shifted bullish after

Copper futures contract sentiment shifted bullish after reports of Chile’s production falling 2.5% in April due to labor disruptions. Reduced supply risk is pushing short-term price forecasts toward $4.15 per pound. "We lead today because we have the best technology. However, if we're not able to fully have our technology adopted in the rest of the world, there will be other technologies that will come to play," said Su in a US Senate hearing in May regarding export controls. "They may not be as good as we are today, but frankly, usage really spurs innovation." Copper prices surge to record high amid tariff anxiety Copper futures contract long-term charts show a breakout from a 50-day moving average resistance, signaling a sustained upward trend if volumes remain above 250,000 contracts daily.