-
Copper retreats from one-week high as inventories rise
Benchmark three-month copper on the London Metal Exchange was down 0.3percent at USD12,930 a metric ton by 1455 GMT after hitting a more than one-week high of USD13,050 earlier in the session. LME copper has rebounded nearly 4percent over the past four sessions, but is still well below a record peak of USD14,527.50 hit on January 29. “The fact that there are more visible inventories outside of the US is a bit of a dampener, that may indicate a bit of softness in demand,” said Nitesh Shah, commodity strategist at WisdomTree. “But it’s always hard knowing whether it’s inventory that’s going from ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From brecorder.com | Feb 24, 2026
Copper pulled higher on Tuesday as Chinese traders return to the market after holiday, while caution stemming from rising inventories and US tariff uncertainties persists. The most-active copper contract on the Shanghai Futures Exchange climbed 1.40% to 102,190 yuan ($14,817.88) a metric ton as of 0300 GMT on the first day of the reopening of the exchange ...
JPMorgan Chase CEO Jamie Dimon said Monday that he was anxious over the U.S. economy, citing elevated asset prices and a competitive environment in banking that reminded him of the pre-2008 crisis years. Even as economists tout the Trump administrations tax and deregulatory policies as boosting economic growth this year, Dimon said during an annual ...