Copper Nears Record High as London Supply Squeeze Tightens
Copper prices are climbing toward record territory as tightening London availability fuels a sharp rally, with spot supply commanding a premium.
Copper is extending a powerful rally as physical supply in London tightens. The spread between nearby and later-dated contracts has widened, signaling strong demand for immediately available metal.
Large copper volumes have reportedly moved into the United States ahead of possible tariff actions, leaving less metal available in other key markets, particularly London.
Copper has gained nearly 16% so far this year.
Source: First Squawk