Still short of a breakout, current copper prices lifted off their October lows during November and have yet to see a major downside correction. Nonetheless, copper prices remain sideways and sit only 1.5% above where they stood at the start of 2023. An increase among all of its components helped the Copper Monthly Metals Index (MMI) invert to the upside, with a 4.3% increase from November to December. By late November, Panama’s president ordered the shutdown of First Quantam’s Cobre Mine, which accounts for an estimated 1% of global copper supply, after it was deemed unconstitutional by Panama’s Supreme Court. ... (full story)