Copper, Uranium and Lithium Forecast: China Buying Fuels Copper Rebound

Copper (XCU) is recovering as a softer US dollar and stronger Chinese buying offer support. The Centinela strike increases the risk of supply, but the prospect of another rate hike by the Fed could limit gains. New nuclear investment supports future demand for uranium, while uranium ETFs test key support levels. Lithium remains under pressure as the demand for EVs shows a mixed picture across the US and Europe. In my view, copper has room to extend the rebound, but uranium and lithium need strong buying to confirm a recovery. This article presents the latest fundamental drivers and key technical levels that may shape the outlook for copper, uranium and lithium.