Commodity Market Report
Global copper short-term outlook September 2024
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Report summary
The copper price trended downward during the first few days of September before gaining on growing anticipation of a rate cut by the US Federal Reserve which was came through on 18 September. Subsequent announcements on 24 and 26 September of interest rate cuts and economic stimulus measures in China has further boosted the base metals complex, with the 3-month copper price exceeding the US$10,000/t level in the final trading days of September.
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