Mine accidents occur frequently, combined with the Fed rate cut, industry insiders are optimistic about the future performance of copper prices.

Recently, the price of copper has shown a trend of breaking through the resistance level and moving upwards, as both London copper and Shanghai copper futures prices have reached temporary new highs. Copper concept stocks in the A-share market have also become a hot spot for funds. Industry insiders indicate that the recent suspension of production at the Grasberg copper mine in Indonesia, owned by a major US mining company, has raised concerns about the tightening supply of copper mines in the market. In addition, the macroeconomic environment in the current copper market is stable, with the Federal Reserve restarting interest rate cuts and the weakening impact of tariffs. Limited growth from supply disruptions and increasing demand in the new energy sector are positive factors, indicating that there is still room for copper prices to rise in the future. However, sudden mine incidents can easily lead to excessive reactions in copper prices, so future pricing of copper will still need to focus on the demand side.