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Home / Metal News / ANZ Research: US Dollar's Rise May Weigh on Copper Market Sentiment, but Long-Term Outlook Remains Bullish

ANZ Research: US Dollar's Rise May Weigh on Copper Market Sentiment, but Long-Term Outlook Remains Bullish

iconMay 29, 2025 19:08
Source:SMM

On May 29 (Thursday), ANZ Research stated in a report on Thursday that the strengthening of the US dollar may weigh on market sentiment in the copper market, but signs of tightening supply are expected to provide support to the market in the long term.

Goldman Sachs stated in a report that the supply disruption at the Kamoa-Kakula mine, the world's third-largest copper mine, poses risks to copper supply and will provide support to copper prices.

The mine's production in 2024 was 437,000 mt, accounting for approximately 3% of the global total production.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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