Copper Prices Scale Fresh Record High as Focus Turns to Tight Supplies Outside US

Copper prices scale fresh record high as focus turns to tight supplies outside US

Copper prices hit a record high as concerns over shortages outside the US boosted buying, while a weaker dollar supported metals. LME copper touched $14,533 a metric ton, surpassing its January peak. Falling Shanghai stocks and strong US inventories highlighted the growing divergence in global copper supplies.

Experts say copper prices need to move higher still to solve supply gap

The copper price has risen to a new high, and fundies bullish on the metal think it needs to go higher still for supply to catch up to demand.