Copper Prices Plummet Amid Stronger Dollar and Tightening Supply

Copper prices fell as the stronger US dollar put pressure on prices and investors booked recent gains.

The metal settled down 0.59% at ₹1,406.75 due to a stronger dollar and profit-taking after recent gains.

Comex copper inventories have started recording modest daily inflows, while the premium of US copper futures over LME prices increased after a sharp pullback.

The Comex warehouses now hold around 69% of the roughly 1 million tonnes of copper tracked across global exchanges, highlighting concerns over tighter availability outside the United States.