Copper News May 7 2024. Copper futures are now up around 30% off the ytd lows and look poised for further gains. The price of the world's favorite electricity conductor hit a fresh record monday, on target for its seventh day.

Global copper producers benefited from robust china demand in 1h as decarbonization drivers offset a weak property market, but that may change unless beijing stimulates more assertively. Copper increased 0.13 usd/lb or 3.22% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this commodity.