Geopolitical Uncertainties Keep the Copper Market Highly Volatile
The copper market has remained on edge as geopolitical risks stoke volatility. As a result, prices have swung widely in response to news headlines. According to an analysis published by ING, the current market behavior is driven more by political news rather than the usual market fundamentals. The commodities team at ING Bank says that while demand signals in the market are mixed, prices are being driven by sanctions risks, changing trade policies, and broader instability at the microeconomic level. The dominant driver of the market, according to the analysts, remains geopolitical friction. They point out that copper is often…