Copper Price Surges On Smallest Us Jobs Gain In... -

Smelters in China are considering production caps to combat falling processing fees.

While the jobs report acted as a catalyst, the copper market was already on edge due to tightening supply. Copper price surges on smallest US jobs gain in...

The Labor Department reported that nonfarm payrolls increased by just 115,000 last month, significantly trailing economist expectations. This cooling of the labor market has shifted market sentiment, fueling bets that the Federal Reserve may pivot toward interest rate cuts sooner than previously anticipated. The Weak Dollar Effect Smelters in China are considering production caps to

Ongoing issues at major South American mines have lowered output forecasts. 000 last month