Copper Prices Soar to New Record High

Copper prices surge to new highs as demand from Asian markets, particularly Taiwan and South Korea, drives a significant increase in requests to withdraw the metal from London Metal Exchange warehouses. This surge, coupled with speculation about a potential shortage due to traders diverting copper to the US to avoid import tariffs, has pushed prices upwards. Supply issues, including unplanned disruptions at mines and negotiations for supply contracts, have further impacted the market. Investors are now awaiting upcoming US economic data to influence market sentiment and copper prices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.