Copper Surges Towards $13,000: Is it the Next Gold? Know the Reasons Behind the Rally

• Copper prices on the London Metal Exchange (LME) are nearing $13,000 per metric ton after a recent decline.
• The recovery is driven by 'dip buying' at the $12,500 support level and improved market sentiment.
• A weaker dollar has also contributed to the metal's upward movement.
• Long-term demand for copper remains strong due to EVs, renewable energy, and infrastructure projects.
• Challenges include elevated copper stocks on LME and Comex, and continued market volatility.