Copper prices fall, expected to remain in a range of fluctuations.
Analysts at Nan Hua Futures stated that copper prices fell during the early Asian session, and are expected to remain range-bound in the short term. Tight global supply and demand dynamics may push prices higher. From a technical perspective, the analyst believes that the support level is at $13,500 per ton. Investors are closely monitoring the economic performance of Chile, the world's largest copper producer. Currently, the three-month London Metal Exchange copper futures contract is down 0.7% at $13,504.00 per ton.
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