Supply Concerns Drive Copper Prices to Historic Highs

Copper prices in global markets continue to rise amid growing concerns over a supply crisis and strong demand from China. On the London Metal Exchange, copper has gained value for eight consecutive trading days, with the price per ton trading above $14,000 and approaching the historic record level set in January. Sulfur supply issues in the Middle East and production disruptions at mines are further intensifying supply pressures in the market. Additionally, potential US tariffs on refined metal imports stand out as another factor supporting prices. Analysts indicate that this supply-side tightening could persist in the short term, potentially leading copper prices to set new records. However, on the demand side, momentum in China's industrial production and signals of a global economic recovery continue to be decisive for the direction of prices. This is not investment advice.

📊 COPPER — Piyasa Yorumu

▲ up · 65%

Copper prices have reached an all-time high amid supply concerns, with technical indicators supporting the upward trend. Although the RSI stands at 56.8, remaining in neutral territory, the MACD is above its signal line and showing a positive trajectory. The price is trading above both the 20-day and 50-day moving averages, indicating strong short-term momentum. However, the limited 0.5% gain over the past 24 hours and the RSI not approaching overbought levels suggest the rally may be losing steam. While the upward movement is expected to continue in the near term, caution is advised.

RSI 14

56.8

MACD

0.02

24h Δ

0.54%

📊 FCX — Piyasa Yorumu

▲ up · 65%

The news headline points to supply concerns supporting copper prices, which is positive for copper producers such as FCX. Technical indicators also support this view: the RSI at 52 is in neutral territory but indicates an upward trend, the MACD is above the signal line and positive, and the price is above the 20-day moving average. However, the price is near the 50-day moving average, which could act as resistance. The 4.7% rise in the last 24 hours suggests that short-term momentum may continue.

RSI 14

52.3

MACD

0.24

24h Δ

4.67%

📊 SCCO — Piyasa Yorumu

▲ up · 70%

The historic peak in copper prices serves as a positive catalyst for copper producers such as SCCO. Technical indicators support this view: the RSI at 58 is not in overbought territory, the MACD is above its signal line and positive. The stock is trading above its 20- and 50-day moving averages and has gained 5.6% in the last 24 hours. The upward trend is expected to continue in the short term, but caution is advised against overbought risks.

RSI 14

58.1

MACD

1.33

24h Δ

5.64%

📊 BHP — Piyasa Yorumu

▲ up · 65%

The historic peak in copper prices is creating a positive catalyst for mining companies such as BHP. The stock has risen 2.85% in the last 24 hours, with an RSI of 52.6, indicating a neutral zone and no overbought signal. The MACD line is above the signal line and positive, supporting short-term upward momentum. The price is above the 20-day moving average but slightly below the 50-day average, suggesting that the uptrend has not yet fully strengthened. Given the news, a continued upward movement in the short term can be expected, but caution is advised.

RSI 14

52.6

MACD

0.15

24h Δ

2.85%

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