Global Copper Prices Surge to Record Highs Amid Supply Constraints and Trade Tensions

Copper Surges to All-Time High as Tariff Turmoil Rocks Market

Copper surged to its highest-ever price on the London Metal Exchange after a weeks-long rally fueled by anticipation that President Donald Trump will expand US tariffs to imports of refined metal.

By Bloomberg News

Copper touches record high, focus on tight supplies outside US

Copper prices hit a record high as concerns over shortages outside the US boosted buying, while a weaker dollar supported metals. LME copper touched $14,533 a metric ton, surpassing its January peak. Falling Shanghai stocks and strong US inventories highlighted the growing divergence in global copper supplies.

Copper surges to all-time high as tariff turmoil rocks market - Moneycontrol.com

Copper surges to all-time high as tariff turmoil rocks market  Moneycontrol.com

The Copper Chart Causing Alarm

The Copper Chart Causing Alarm Copper futures in London continue to move higher, once again approaching record highs, as US buyers purchase record volumes from the seaborne market, with imports reaching 200,000 tons in July. A phased US tariff would keep that buying in motion for longer, further tightening the ex-US market and limiting any near-term price correction in London trading. Rafael Barcellos, head of Latin American Metals & Mining and Pulp & Paper Equity Research at...

By Tyler Durden