Copper Holds Near Record Highs on Tight Supply, ING Says
Copper prices are trading comfortably above $14,000 per tonne, close to record levels, supported by tariff-related stockpiling into the US and tight global supply, according to ING.
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Copper remains near all-time highs, trading above $14,000 per tonne, ING analysts Warren Patterson and Ewa Manthey reported. The metal is buoyed by US tariff-related stockpiling and constrained physical markets elsewhere.
Key factors include low inventories, tight mine supply, and ongoing disruptions. The analysts note that these supply-side pressures continue to support elevated prices.
Source: FXStreet Forex News