Copper rises for a sixth straight session, marking best streak in 4 months
AI Market Summary
Copper extended gains for a sixth session as Shanghai inventories fell to 43,900 tons (lowest since 2023) and Chinese pre-holiday restocking kept warehouse supply tight. Additional support comes from earlier US tariff-related import flows that have squeezed availability elsewhere. The move underscores near-term physical tightness despite macro headwinds from higher rates, with broad LME base metals also firmer.
Impact level
● Medium
Affected assets
NCCO724COPPER2USD/USDT+1.34%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▲ Bullish
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London Metal Exchange copper futures extended gains for a sixth day, the longest winning streak in four months. Shanghai copper inventories fell to 43,900 tons, the lowest level since 2023. Pre-holiday restocking in China and expectations of potential US tariffs have tightened global supply, pushing prices close to record highs.
