Relatively tight supply Copper prices may start rising again

At 1624 GMT, London Metal Exchange (LME) benchmark copper fell 0.
9% to $10,245.
50 a tonne, having hit a record high
of $10,747.
50 a tonne on Monday.

Copper prices are down about 1.
5%
this week.
Many analysts expect copper prices to rise further as the global economy rebounds and shifts away from fossil fuels to
copper-intensive electrification.
Supply is relatively tight, and demand continues to increase, copper prices will start to rise
again.
As local governments pour money into infrastructure, China's demand for copper is likely to remain strong
.

Fears that central banks will take action to curb rising inflation hit stocks and commodities this week, while boosting dollar and Treasury yields
.

However, stocks moved higher on Friday, with the dollar and yields lower
after U.
S.
Federal Reserve officials said they would not tighten monetary policy anytime soon.

China's Yangshan copper premium slipped to a record low of $38 a tonne
.
High levels appear to be holding back demand
.
LME spot copper is at a premium of $26 to the three-month copper report, the deepest in a year, indicating ample
supply.