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Commodities

Copper Price Soars Past $14,000 Amid Growing US Stockpiles

Guavy AI Editorial Team
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Copper
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Copper prices have surged past $14,000 as U.S. stockpiles continue to grow ahead of an upcoming tariff announcement.

According to Scott Lincicome, market participants are anticipating potential policy decisions related to tariffs, which is contributing to the increase in copper prices and U.S. stockpiles.

Lincicome's analysis highlights that despite weak sales among Chinese businesses, who have cut back on overtime, the copper price continues to rise.

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