BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Copper Prices Rally Toward $10,000 Amid Geopolitical Tensions
Copper Prices Rally Toward $10,000 Amid Geopolitical Tensions
19
1
BTCCSquare news:
Copper surged nearly 2.4% during Monday's session, briefly touching $9,942 as demand for military applications fueled bullish sentiment. The metal's corrosion-resistant properties make it critical for weapons manufacturing—a sector gaining traction amid escalating Middle East tensions.
Commodity markets broadly outperformed equities, with gold, silver, and oil also climbing. Analysts note copper could breach $10,000 if geopolitical risks persist, benefiting miners like Freeport-McMoRan and Rio Tinto. Meanwhile, Asian stocks remained pressured by the Iran-US-Israel conflict.
By:
Previous
Tesla Stock Surges 10% on Robotaxi Pilot Launch in Austin
Next
Circle’s Valuation Surges Post-IPO, Outpacing USDC Supply
