Copper Prices Drop to One-Week Low Amid Inflation and Rate Hike Expectations

Copper prices on the London Metal Exchange have fallen to their lowest level in a week, driven by inflationary pressures and expectations of interest rate hikes that have strengthened the U.S. dollar. According to Jin10, Morgan Stanley has issued a warning about a critical shortage in scrap copper supply. The tightening supply raises questions about whether it can support copper prices in the near future.