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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

BeInCrypto Editorial · BeInCrypto

Read original →

Comments