Copper Erases Tariff Selloff as Shanghai Stockpiles Hit Three-Year Low
10 Articles
10 Articles
Copper Erases Tariff Selloff as Shanghai Stockpiles Hit Three-Year Low
Copper closed Tuesday a hair below its all-time high, extending its winning streak to six sessions as Chinese buyers restocked ahead of back-to-back holidays and warehouse inventories in Shanghai and London kept draining. Three-month copper on the London Metal Exchange settled at $14,783 a metric ton, up 0.8%, according to Shanghai Metals Market, leaving it $92 short of the $14,875 record set Sept. 10. Comex copper for December delivery hit $6.8…
Copper Nears Record High As Shanghai Inventories Tumble, Fueling Scarcity Fears
Copper Nears Record High As Shanghai Inventories Tumble, Fueling Scarcity Fears Copper has almost retraced the selloff sparked earlier this month, following Reuters' report that the White House's "copper tariff plan stalls amid affordability concerns." Prices are back near record highs in London as Bloomberg reports tightening supplies in China's physical market, reinforcing scarcity concerns. Three-month futures on the London Metal Exchange ros…
Copper is close to the $15,000 per ton, a threshold that still seemed bold a year ago. The accident in the world's largest mine and the decline in Chinese stocks rekindle tensions, while the threat of US tariffs attracts metal to the United States.
Copper Hits a Record $6.83 a Pound as Mine Disasters Choke Supply
Comex copper hit a record $6.83 a pound on September 22, 2026, up about 48% over the past year, as mine disasters at Grasberg in Indonesia and Kamoa-Kakula in the Democratic Republic of Congo strip hundreds of thousands of tons from global supply. A stalled US tariff proposal has added a second, more volatile layer on top of the physical shortage.
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