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'', , h Well-known analyst Andy Hom published a column in Reuters saying that last week copper recorded its largest weekly gain in
. At a time when the vast financial market is experiencing violent fluctuations, the performance of the copper market is even more outstanding. Trading volumes in the copper market have been staggering recently.
'', , h Andy Holm pointed out that although Trump's election into the new US term has undoubtedly accelerated the rise in copper prices, behind this explosive rise, in addition to vague promises to increase infrastructure spending and stimulate the economy, , there must be other factors.
'', , h The rebound in copper prices after the U.S. election appears to have been too sharp, too fast, with the rise in copper prices appearing to reflect an increase in demand that is more than
times the size of Trump's spending plan , but in fact the role of the United States in the metal market is very small. Only a huge change in demand can change the global copper demand situation. Andy Holm believes that in addition to human factors, machine factors are equally important behind the recent surge in copper prices by more than
and from a bear market to a bull market in just a few days.
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Three-month copper opened at
US dollars per ton that day and closed at
US dollars, starting from there
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The day ended higher.
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