Tag
Copper
12 articles
Copper Breaks $6.70 on Supply Squeeze and Tariff Bets
Comex copper futures hit $6.7045/lb on supply concerns and U.S. tariff expectations, though Middle East tensions cloud the demand picture.
Copper Hits Record $14,617 on Tariff Shift and Supply Squeeze
Industrial metal extends four-day rally as futures curve steepens into backwardation, signaling immediate supply deficit.
Copper Hits Record $14,533 on Supply Tightness and Tariff Speculation
London Metal Exchange copper reached an all-time high as Chinese warehouse inventories plunged to January 2024 lows while U.S. stockpiles surged, signaling structural supply fragmentation.
DRC Cobalt Output Falls 39 Percent as Miners Pivot to Copper
Q1 2026 production data shows Glencore and other DRC operators cutting cobalt output while ramping copper as export quotas and price collapse make cobalt extraction uneconomical.
Copper's Record Retreat Exposes Squeeze Mechanics
Copper fell after U.S. inflation data strengthened the dollar and eased the short-term supply squeeze that drove prices to record levels, but structural demand from electrification keeps the longer-term bull case intact.
Copper Holds $39+ as LME Backwardation Shows Structural Floor
CPER settled at $39.39 on Aug. 19 as LME tom-next spread surged to $75/ton premium, rewarding nearby holders despite Chinese demand concerns.
Freeport-McMoRan Hits $74.52 on Q2 Beat, Copper Deficit Set to Drive Upside
FCX surged 4.1 percent Aug. 21 after beating Q2 revenue and earnings estimates, with management guiding to 32 percent copper production growth by 2028 as global supply tightens.
Copper's LME Spread Hits Widest Since 2021 as Physical Supply Tightens
The August-to-September spread on the London Metal Exchange reached $370 per ton Friday, the widest one-month gap in five years, as physical copper availability tightens sharply.
BHP Names Copper Its Growth Engine as Demand Set to Rise 47 Percent by 2050
BHP projects global copper demand growing from 34 million tonnes per year today to more than 50 million tonnes by 2050, with data centers alone adding roughly 3 million tonnes.
LME Copper Spread Hits Highest Level Since 2021 Squeeze
The Tom/next spread briefly reached $100 a ton Wednesday as long holders sitting on 130,000 tons of Jan. contracts pushed spot prices sharply above deferred futures.
Copper Holds Six-Month High as Fed Hike Odds Hit 44% Before Wednesday CPI
Copper steadied after six weeks of gains while traders weighed tightening supply, a 44 percent Fed hike probability and geopolitical risk in Middle East shipping lanes.
Steel & Copper Tariffs Tighten: U.S. Producers Eye Profit Boost
The Trump administration's strategic realignment of steel, aluminum, and copper tariffs signals a significant cost increase for many imports, directly benefiting U.S. materials companies and reshaping industrial supply chains.