U.S. Dollar Weakness Propels Copper to Six-Week High

Copper prices reached a nearly six-week high on Tuesday, driven by expectations of U.S. interest rate cuts, a weaker dollar, and signs of improving demand in China. The metal’s rise was supported by macroeconomic factors, declining Shanghai copper stocks, and an increase in the Yangshan premium, indicating stronger Chinese import appetite. Other metals like zinc also saw gains, while aluminum faced tightening supplies.