Copper, Uranium and Lithium Forecast: Softer U.S. PPI Supports Critical Mineral Prices
By:
Key Points:
- Softer U.S. PPI supports the outlook for critical minerals.
- Copper remains bullish, with $7 as the next major psychological level.
- Uranium and lithium ETFs need key breakouts to confirm further gains.
Copper (XCU), uranium and lithium remain supported by softer inflation data and improving technical structures. Copper is consolidating near the record high as supply concerns offset weaker physical demand in China. Uranium remains firm as high European power prices strengthen the case for reliable nuclear energy while lithium benefits from positive battery supply chain developments. All three markets remain constructive, but they must clear key resistance levels to confirm the next rally.