The stock market day
Copper is becoming more expensive
February 16, 2024, 8:18 a.m
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The hope of falling interest rates in the USA is making industrial raw materials more expensive. The Copper price marks a one-week high with an increase of up to 0.5 percent to $8,352 per ton.
Recently, rather mixed economic data from the USA had fueled interest rate speculation again. The US Federal Reserve has announced several interest rate cuts for 2024. Commodity investors hope that falling interest rates will give the economy new momentum.
