Copper Prices Decline Amid Rising Inventories and Weak Demand

Copper is on track for its third consecutive weekly decline as inventories monitored by exchanges continue to rise due to reduced demand from industrial users. Bloomberg posted on X, highlighting the ongoing challenges faced by the copper market. The accumulation of stockpiles reflects a slowdown in industrial activity, which has been impacting the demand for the metal. This trend is contributing to the downward pressure on copper prices, as market participants remain cautious about the near-term outlook. The situation underscores the broader concerns about the global economic environment and its effect on commodity markets.