The Copper Oxide prices experienced an irregular and unpredictable trend in H2’24. The copper prices were significantly affected by the economic stimulus packages announced by China. The stimulus packages initially boosted copper prices due to the anticipated rise in industrial demand. However, the overall impact of the stimulus packages was uncertain, and this led to fluctuations in copper prices. The copper prices were also affected by the rise of the US dollar and the fall in global manufacturing activities. The copper prices were corrected during this period.
At the same time, the supply side issues such as disruptions in smelters and copper concentrates were limiting the price fall. The demand side issues such as construction, electronics, and energy sectors were supporting the copper demand. The trade issues and buying behaviour of the buyers were also influencing the Copper Oxide prices during the same period.