金十数据|Sep 17, 2026 03:15
[Traders Downplay Fed's Hawkish Rate Hike Signal, Copper Prices Stabilize]
Jin10 News, September 17 – Following the Federal Reserve's rate hike, as widely expected by the market, traders downplayed the hawkish signals released by the Fed Chair, leading to stabilization in copper prices. Despite the strengthening of the U.S. dollar, copper futures on the London Metal Exchange (LME) showed little change. Fed officials anticipate another rate hike later this year, which could pressure non-yielding assets like copper.
Previously, copper prices surged to record highs, driven by expectations that the U.S. might impose tariffs on refined copper. Currently, copper prices are in a high-level consolidation phase. At the time, the tariff expectations prompted a significant influx of copper into U.S. inventories, sparking concerns about potential supply shortages in other regions. So far, the U.S. has not introduced new trade measures, creating uncertainty around the previous price rally.
However, demand expectations from data centers and renewable energy sectors, along with supply disruptions at major mines, continue to support copper prices. RBC Capital Markets analyst Sam Crittenden stated in a report: 'News that the U.S. will not impose tariffs on copper has cooled some speculative trading in the physical market. Despite short-term price weakness, the fundamentals remain strong.'
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