Commodities
Copper Prices Soar Amid US Import Surge
A severe market squeeze in the copper market is intensifying due to an increase in shipments of the metal to the US, pushing global prices close to a record high.
The surge in copper shipments to the US is driven by anticipation of a potential decision to impose import tariffs, causing buyers to scramble for supplies.
Copper for delivery in three months rose as much as 1.7% on the London Metal Exchange (LME) on Monday, while price spreads highlighted the constrained physical availability.