LME copper futures reached a historic high above $14,700 per ton amid expectations of expanded US tariffs. Year-to-date prices have risen over 17%, with domestic exchanges following the upward trend.
LME copper inventories fall for a 42nd day as backwardation hits 2021 highs, indicating a severe supply squeeze. Prices near records driven by tight feedstock and rising demand from EVs and data cente
Copper prices rose over 0.9% on the LME, driven by AI-driven power demand optimism despite geopolitical tensions from US strikes on Iran. Other industrial metals like zinc and aluminum also gained as
Copper and industrial metals rallied on Friday, buoyed by a weaker US dollar and diminished expectations of Fed rate hikes. Copper rose 0.7% to $13,413 per ton on the LME, with nickel and aluminum als
Copper prices declined on Wednesday amid macroeconomic concerns and Middle East volatility, offsetting tariff support expectations, while LME registered stocks fell and other industrial metals also po
Trafigura withdrew over 51,000 tons of copper from LME warehouses worth over $700 million, driven by arbitrage opportunities between US and Asian markets amid tariff concerns.
ChemBrief