%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment The price of %Copper continues to rise and is at a 15-month high as markets prepare for the U.S. Federal Reserve to lower interest rates in coming days. Copper's price on the London Metal Exchange is up 1% and trading at $10,173 U.S. per ton, its highest level since June 2024. The price of copper, an industrial metal that is viewed as a bellwether for the global economy, has now risen for six consecutive trading sessions. The rise comes as weak U.S. economic data has led commodities traders and investors to raise their bets that the U.S. central bank will resume cutting interest rates on Sept. 17. Futures traders are betting nearly 100% that the Fed will lower interest rates by 25-basis points this week after new data showed signs of labour market weakness. Markets also have priced in two additional interest rate cuts from the Fed by year's end. Copper's price is running hot as stocks continue to hit record highs and Treasury yields and the U.S. dollar decline, making metals and other commodities more affordable for buyers using foreign currencies. In addition to the easing of monetary policy, copper is also benefiting from strong buying in China. Consumption in the world's biggest copper market rose by 10% in this year's first half, according to market data. The rise in copper's price is boosting the stocks of leading producers such as BHP (BHP), %TeckResources (NYSE: $TECK ), and %RioTinto (NYSE: $RIO ).