Copper prices have fallen from a 15-month high as the market awaits the Fed's interest rate decision.

Jin10 data reported on September 16 that copper prices are trading below the highest closing level since May 2024, as traders prepare for the Fed's first rate cut since Trump returned to the White House. Industrial metals started strong this week, with London copper rising more than 1% on Monday, and the year-to-date increase surpassing 15%. Investors widely anticipate that the Fed will cut rates by 25 basis points this week, with the market focusing on the Central Bank's statements regarding the subsequent easing path. Rate cuts typically boost commodity prices by stimulating demand and weakening the dollar, reducing the purchasing cost for holders of other currencies. As of now, London Metal Exchange copper prices have fallen about 0.4% to $10,150 per ton. Aluminum futures have slightly retreated from a six-month high, while zinc prices have seen a minor decline from this year's peak.