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Copper Heads for New Highs as US and China Squeeze Buffers

Bloomberg Markets Friday 07 August 2026, 11:57 UTC By Mark Burton 1 min read
Key Points

Copper Heads for New Highs as US and China Squeeze Buffers A two-way pull is depleting LME inventories, raising the risk of another spike in futures contracts. This article is for subscribers only. Welcome to our guide to the commodities driving the global economy.

Copper Heads for New Highs as US and China Squeeze Buffers A two-way pull is depleting LME inventories, raising the risk of another spike in futures contracts. This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, Europe Metals and Mining Team Leader Mark Burton takes a look at what’s behind the copper crunch that’s pushing prices of the metal higher. The copper market is contending with a fresh bout of supply tightness in the London Metal Exchange’s warehousing network, and it’s looking severe enough that it might lift prices to new highs.
Copper Heads (ORG) US (LOCATION) China (LOCATION) LME (ORG) Europe Metals and Mining Team (ORG) Mark Burton (PERSON) the London Metal Exchange’s (ORG)
Originally published by Bloomberg Markets Read original →

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