Chinese Demand Offsets Geopolitical Risks, Copper Stays Range-Bound

Published: May 4, 2026 09:06
Copper prices have remained range-bound for two weeks as stalled US-Iran talks cap upside, while stronger Chinese demand and a weaker US dollar provide support.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn