Base Metals Preview: COMEX copper takes breather from historic highs

COMEX copper pulled back in early Asia on Thursday as the red metal took a breather after hitting historic high level in the previous session. Possible profit taking at higher levels is contributing to the mild set back this morning. The recent rally in the metal was driven by severe supply shortages and intense demand for AI-driven data center construction and energy infrastructure. Currently, the counter was quoting at $6.57 per pound and is up around 11% this month.

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