The AI Boom Runs on Copper, Yet Its Latest Record Hides a Warning

BeInCrypto Editorial

(12:39 PM UTC)

1 min read

Copper price set a record near $6.63 per pound on June 2, lifted by the same AI data center buildout powering Nvidia, yet it now trades around $6.27, down roughly 6% from that peak.

Options traders are leaning bullish, but the chart, the dollar, and physical-market hedgers all flash caution. The demand story is real, but the near-term setup, however, looks mixed, and several signals now point in…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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