[MARKET UPDATE] CME copper futures print fresh intraday highs with buying momentum seen in the last 20-30 minutes, which also coincided with a return to above the USD 6.0/lb level, while LME copper hit a record high just shy of USD 14k/ton

CME copper futures print fresh intraday highs with buying momentum seen in the last 20-30 minutes, which also coincided with a return to above the USD 6.0/lb level, while LME copper hit a record high just shy of USD 14k/ton.

CME copper futures hitting fresh intraday highs indicates strong buying momentum, particularly as it moves back above the USD 6.0/lb mark. This surge, alongside LME copper approaching record highs, suggests heightened demand and possibly tighter supply, which could have significant implications for inflation and overall market sentiment, especially in metals and related equities.