Copper prices rose after the Federal Reserve cut interest rates, and traders are still concerned about signs of tight supply in the spot market. In early trading, London Metal Exchange futures rose 0.5% to $11,616 per tonne, while the US dollar index fell 0.2% to 98.67. A lower interest rate environment usually boosts economic activity and demand, while a weaker dollar makes commodities cheaper for overseas buyers. ANZ analysts said that at the same time, the market was not convinced by China's weak economic data, but instead focused on long-term copper demand from renewable energy, electric vehicles and data centers. These optimistic demand prospects clash with growing supply concerns, which have been exacerbated by a series of production disruptions at global mines, keeping prices high.

Copper prices rose after the Federal Reserve cut interest rates, and traders are still concerned about signs of tight supply in the spot market. In early trading, London Metal Exchange futures rose 0.5% to $11,616 per tonne, while the US dollar index fell 0.2% to 98.67. A lower interest rate environment usually boosts economic activity and demand, while a weaker dollar makes commodities cheaper for overseas buyers. ANZ analysts said that at the same time, the market was not convinced by China's weak economic data, but instead focused on long-term copper demand from renewable energy, electric vehicles and data centers. These optimistic demand prospects clash with growing supply concerns, which have been exacerbated by a series of production disruptions at global mines, keeping prices high.