Copper closed at $13,763 USD/mt, just ~$350 below May's record high and +$231 (+1.7%) on the month, bringing the year-to-date gain to +10.5%. The metal remains near its highs, but the rally is losing momentum: funds, holding a net long position of ~34,900 lots, have started to trim exposure — more profit-taking than a change in thesis. On the fundamentals, supply […]
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