Copper Marches Closer to $14,000 as Flows to US Tighten Market
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9 Articles
Copper hits two-month high above $14,000 as inventories dip
Copper prices climbed above $14,000, reaching a two-month high on Tuesday. This surge was fueled by decreasing inventories outside the United States and potential Iran war resolution. Available copper inventory in LME warehouses fell to just over a day's global consumption. Aluminium prices also rose, touching their highest level since June 23. Other metals like nickel, zinc, lead, and tin saw moderate gains.
Copper Marches Closer to $14,000 as Flows to US Tighten Market
Copper advanced to the highest in two months, nearing $14,000 a ton in London, as traders monitored ballooning volumes held in the US ahead of an expected decision on an import tariff by President Donald Trump.
Copper comes to the US at the rate I ask in 12 o'clock, while operators are ahead of possible Trump tariffs on refined metal.
In international markets, the price of copper reached $6.65 per pound, nearing its all-time high, driven by strong demand stemming from AI infrastructure and renewable energy investments. Supply concerns and geopolitical optimism are also supporting the rise.
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