Copper Rally Continues - What's Driving It?

From tickmill.com

Copper prices are trading at six-week highs today with the futures market continuing to reverse higher off the August lows. The recent uptick looks to be largely driven by fresh supply concerns linked to a drop in activity in China and various supply disruptions in the copper supply chain. China, the largest global consumer of copper, recorded a drop in production levels last month, cutting around 500k tonnes of copper from the market. This comes at a time when LME inventories remain severely depleted after the pre-tariff run up in buying we saw ahead of August. Currently, LME stockpiles are around 40% below seasonal ... (full story)