Offshore Wind Project Cancellations Add to Copper Demand Concerns

Via Metal Miner Although they appear on the rebound from last month’s lows, copper prices have yet to break out of their long-term sideways range. Nonetheless, following an almost 2% overall decline throughout October, prices have now retraced to their highest levels since September. For the second consecutive month, all prices within the index edged lower. That said, the declines proved modest. As a result, the Copper Monthly Metals Index (MMI) remained sideways, with a 0.59% fall from October to November. EV Inventories Rise as Automakers…