Copper, Uranium and Lithium Forecast: AI Boom Supports the Rally
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Key Points:
- Tight LME inventories support copper despite rising Fed rate risks.
- Nuclear fuel security strengthens uranium’s long-term outlook.
- U.S. funding supports lithium, but future supply may limit price gains.
Copper (XCU) price rebounded toward $6.70, while uranium and lithium maintained bullish price structures despite the Fed rate risks. In my view, tight copper inventories, AI-driven power demand and U.S. supply chain funding suggest positive outlook. But the higher interest rates may increase volatility. This article examines the main catalysts and technical levels that may determine the next move in copper, uranium and lithium markets.