The market has been somewhat confusing recently. Although gold and silver can still rise, they have already been consolidating at high levels. The prices are here, and the fluctuations are not small. The risk of chasing the high now is indeed a bit high.

On the other hand, industrial metals are worth paying more attention to, especially copper. Over the past few years, copper prices have been sideways, but the fundamentals are now starting to shift. On the supply side, it is constrained by unstable mine production and insufficient capital investment. On the demand side, new energy, AI data centers, electric vehicles, and grid upgrades are all driving demand, and by 2026, a supply shortage is expected.

Copper prices have now broken through the $12,000/ton level. Many institutions are generally optimistic about the future market, believing that the average price has more room to rise and a higher success rate. If you are considering asset allocation, opportunities related to copper are worth planning ahead.