Copper prices may experience medium to long-term fluctuations or minor increases.

In the first half of this year, the price of copper first fluctuated upward, sharply dropped in early April, and then rebounded. According to data from Shanghai Steel Union, the domestic electrolytic copper price fluctuated in the range of 72,073 yuan/ton to 82,725 yuan/ton in the first half of the year. Looking ahead to the second half of the year, industry insiders believe that in the short term, the price difference between copper futures in London and New York may widen. Mining disruptions have not ceased, and the fundamental situation of copper remains tight. If the pace of interest rate cuts in the second half of the year by the Federal Reserve meets market expectations, the price of copper may receive support from the macroeconomic level. In the medium to long term, the price of copper may still fluctuate upward.