Daily Copper Price Tracker with Vanessa Clark
https://www.instagram.com/vanessaclarkipai This is your Copper podcast. Hey friend, welcome back to Daily Copper Price Tracker. I am Vanessa Clark, and today we are digging into the latest copper market action and what it might mean for you. Let us start with the current trading price. On the London Metal Exchange, recent data from MacroMicro shows copper spot prices around thirteen thousand three hundred dollars per metric ton, which works out to roughly six dollars per pound. Economies dot com is showing a similar level, with copper quoted just above six point two dollars per pound. On the futures side, Investing dot com Canada lists COMEX micro copper futures trading around six point two four, very much in line with that spot price. So what is actually happening behind those numbers? The iScrap App weekly update reports that copper prices recently dropped about thirty five cents per pound after a very sharp run up. Last week was wild. Copper surged more than fifty cents per pound in a single morning, then gave up those gains by the end of the day, slipped another twenty cents the next day, dropped roughly another thirty cents during early overseas trading, and then snapped back toward the six dollar level. That kind of volatility reflects a tug of war between bulls and bears. According to iScrap, some analysts think copper could push toward seven dollars per pound if supply tightness and strong demand continue. Others believe prices ran too far, too fast, and expect a pullback closer to five dollars per pound. What can you do with this information? If you are a scrap seller, this is a classic wait and watch zone. Call a couple of local yards, compare their copper prices, and do not be afraid to hold a bit if buyers are warning of a near term bounce. If you are an investor watching copper futures or copper mining stocks, be aware that headline risk and macro news are driving intraday swings. Use limit orders, decide your entry and exit levels in advance, and size positions so this volatility does not knock you out emotionally. That is it for today on Daily Copper Price Tracker with Vanessa Clark. Thanks for listening, be sure to subscribe, and tune in next time for your quick daily download on the copper market. For more http://www.quietplease.ai Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai For some deals, check out https://amzn.to/4hSgB4r
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