Institution: If oil price volatility persists, copper may test the $13,000 support level.

金十2026/03/11 08:21

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Golden Ten Data reported on March 11 that copper prices edged lower in early trading, with London Metal Exchange copper futures falling by 0.7% to $12,999 per ton. Analysts at Sucden Financial stated that this base metal maintains a strong negative correlation with oil prices, and recent data shows that investment funds have significantly reduced bullish bets. Analysts said: "Copper prices are expected to remain highly sensitive to the energy market. If oil price volatility continues, copper prices may again test the support level near $13,000 per ton."

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