Copper prices surge on supply constraints and robust US demand

From invezz.com

Signs of a deepening copper supply crunch outside the United States, especially in China, spurred a rapid recovery in prices this week, erasing losses from the prior week. Beyond the noteworthy surge in copper stockpiles observed on the COMEX, supplementary information released by the data provider Markit on the preceding Friday also indicated robust demand originating from the US. This confluence of factors, a substantial increase in available copper alongside evidence of strong consumption within a major economy, presents a potentially complex scenario for market analysts. At the time of writing, the three-month ... (full story)