IEA: Global Copper Supply Expected to Face 25% Deficit by 2035

The news forecasts a long-term contraction in copper supply, which is a supportive factor for prices. Technical indicators also give positive signals in the short term: the RSI is at 54.8, in neutral territory but with an upward bias; the MACD line is above the signal line and positive; and the price is trading above both the 20-day and 50-day moving averages. The 0.43% increase over the last 24 hours confirms the momentum. However, since the supply gap news offers a long-term perspective, its short-term impact may be limited, and the market may have already priced in the current rally. Therefore, the upside expectation is supported with moderate confidence.

The news headline pertains to the copper commodity and does not directly affect GOOGL stock. On the technical indicators, the RSI is at 44, in neutral territory, while the MACD is below zero but approaching the signal line. Although the price remains above the 20-day SMA, it is below the 50-day SMA and has experienced a 6.3% decline in the last 24 hours. There is no clear directional signal in the short term, resulting in a neutral outlook.

The news forecasts a long-term contraction in copper supply, creating a positive backdrop for copper producers like FCX. However, the stock has fallen 4.9% in the last 24 hours, with an RSI of 44 in neutral territory. The MACD remains below the signal line, indicating weak short-term momentum. The price is trading below the 20-day moving average but remains near the 50-day average. In the short term, the positive news impact may offset technical weakness, but for upward momentum to strengthen, the price needs to break above the 20-day moving average.

The news forecasts a long-term contraction in copper supply, creating a positive backdrop for copper producers such as SCCO. However, the stock has declined approximately 10% in the last 24 hours, with its RSI approaching oversold territory at 37.6. The MACD is in negative territory and below the signal line, indicating weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, further weakening the technical outlook. Therefore, the positive impact of the news may be limited in the short term, though a rebound following the decline remains possible.