Copper prices have fallen, but the downside potential is expected to be limited.

In early trading in Asia, the price of copper fell, with the three-month London Metal Exchange copper contract falling by 0.5% to $13,212.50 per ton. An analyst from Guotai Junan Futures wrote in a report that the Fed's slightly hawkish stance at this month's meeting led to a stronger dollar, putting pressure on copper prices. However, with oil falling back to levels near before the conflict, inflation concerns have eased, improving the broader macroeconomic environment. As macro risks ease and downstream buyers support the fundamentals of copper at low levels, downside potential may be limited.