Copper prices have experienced a remarkable surge for the fourth consecutive session, driven by robust consumption data from China and additional monetary support measures.

Despite the global market moving into surplus, China’s apparent demand for refined copper managed to grow by 9% during the first half of the year

Chinese authorities’ continuous support measures have provided a significant boost to the metals markets.

As investors position themselves for an anticipated copper price break-out, the outcome remains uncertain – will it rise or fall?

The market is currently observing Doctor Copper’s struggle between the old China-driven cycle and the new energy transition focus, leaving fund managers in a state of flux.