-
Copper surges to fresh record as inventories ‘locked in the US’
Copper extended a powerful rally after bursting through $13 000 a ton for the first time, as traders and investors bet on a tighter global market. Three-month futures surged as much as 2% to a record above $13 253 a ton in London on Tuesday, surpassing the peak set on Monday. Concerns that the Trump administration may introduce a tariff on refined metal have drawn holdings into the US, potentially leaving the rest of the world short. “Inventories used to act as a buffer, but now they’re locked in the US,” Li Xuezhi, head of research at Chaos Ternary Futures Co., said by phone. “So the buffer is gone and ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From finance.yahoo.com | Jan 5, 2026
Copper extended its powerful rally after bursting through $13,000 a ton for the first time, as a renewed rush to ship metal to the US fired up bullish traders and investors. Benchmark prices surged as much as 1.5% to a record $13,187 a ton on the London Metal Exchange, following a gain of more than 4% on Monday. The metal has now racked up an advance of ...
From msn.com | Jan 5, 2026
U.S. copper prices notched a new record high Monday, surpassing their last peak from July, when President Trump’s tariff policies rattled the market. Trump’s decision to slap a tariff on copper products, rather than the raw material, whipsawed traders over the summer. They had bid up U.S. futures and loaded warehouses with copper in anticipation of a steep ...
From beemarkets.com | Jan 6, 2026
Copper prices have blown past the $13,000 per ton mark for the first time, extending a powerful rally as investors bet on an intensifying global supply squeeze. Three-month futures in London surged to a record high of $13,253 a ton on Tuesday, climbing as much as 2% and eclipsing the peak set just one day prior. The explosive move is being driven by ...
