The copper (XCU) price dropped by 2.68% on Thursday and remains under bearish pressure. The uranium and lithium miners also remain under bearish pressure and move towards the key support zone. Despite this weakness, the copper price still holds ground above key support levels, while the uranium and lithium markets do not show any signs of recovery in the short term. I think that the next move in these metals will depend on whether prices hold the upcoming support areas. This article presents the latest fundamental drivers and technical levels to understand the next move in copper, uranium and lithium prices.
Copper, Uranium and Lithium Price Forecast: Selloff Puts Support at Risk
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Key Points:
- Copper could fall towards $6 if it breaks below $6.27.
- Uranium ETFs approach key support levels as selling pressure continues.
- Lithium ETFs face further downside after breaking key support levels.