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Copper prices hit records amid macro pivot and structural shortage

Source: Mysteel Dec 09, 2025 14:06
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Copper Macroeconomy Price Supply
The global copper market witnessed historic price action last week (December 1-5). Driven by a confluence of a dramatic shift in macro liquidity expectations and an intensifying structural imbalance in fundamentals, both the London Metal Exchange (LME) and Shanghai Futures Exchange (SHFE) copper prices repeatedly set new record highs.

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