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Copper range-bound as US inventories climb to record level
Copper prices were range-bound on Thursday after inventories in US Comex-approved warehouses rose above 500,000 metric tons for the first time amid lingering tariff concerns. The most-active copper contract on the Shanghai Futures Exchange closed daytime trading nudging 0.28% higher to 100,700 yuan ($14,463.61) a metric ton. Meanwhile, the benchmark three-month copper on the London Metal Exchange ticked 0.01% higher to $12,811 a ton as of 0741 GMT. Copper stocks on the United States Comex exchange rose to 554,904 short tons, or 503,400 metric tons, as of January 20. The Comex copper price is on the decline, with its ... (full story)
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- Jan 22, 2026 3:07am Posted byFundamental Analysis214
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