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Copper Prices Firm on Post Fed Relief Rally

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Published: January 29, 2026

Macro Tailwinds

The Fed's steady hand calmed fears of a policy error, supporting the growth outlook. This macro confidence is layering on top of the structural AI demand story to keep copper near highs.

Inventory Tighness

LME inventories saw another daily drawdown, highlighting the tightness in the Atlantic basin. European buyers are actively securing units ahead of potential Q2 supply disruptions.