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macroAug 18, 2026, 11:14 AM

LME copper tops $14,000 as tight supply squeeze deepens, ING says

LME copper has climbed above $14,000 per tonne and is nearing record highs as nearby supply conditions tighten, according to ING analysts.

LME copper has pushed above $14,000 per tonne, nearing record highs, according to ING analysts Ewa Manthey and Warren Patterson.

The move comes as the nearby market faces a deepening supply squeeze, with tight supply conditions driving prices higher.

The analysts highlighted the strength in copper against a backdrop of scarce nearby availability.

Source: FXStreet Forex News