Copper Price Rises to Three-Month High Amid Supply Squeeze and Trade Optimism

Copper Price Supply Squeeze Drives Copper Price Increase Copper prices climbed to a three-month high on the London Metal Exchange (LME) amid a significant supply squeeze. LME inventories dropped about 65% this year as traders rushed to front-run US tariffs by moving record copper volumes to the United States. Meanwhile, CME warehouse stocks more than doubled, signaling supply shifts rather than overall abundance. This drawdown led to backwardation in copper contracts, reflecting tight market conditions and elevated spot premiums.   Trade Optimism Fuels Further Copper Price Gains Improved ...