Commodities
Copper Prices Stabilize Near Record Highs Amid New Deliveries
Copper prices have stabilized after plummeting to near $14,000 a ton as new deliveries of stockpiles arrived at exchange-tracked warehouses. This signals an easing of a supply squeeze that had driven prices up in recent weeks.
The London Metal Exchange saw little change in futures on Tuesday following their lowest close in four weeks. Copper prices have been under pressure since rallying to a record high last week, when traders were diverting supplies to the US in anticipation of tariffs on refined metal.