Copper Supply Disparities Grow as More Shipments Head to the US
The surge in demand for physical copper in America ahead of potential import duties is creating supply shortages in other parts of the world. Latest figures show that stocks on the London Metal Exchange have dropped to new lows as inventory continues to shrink. This trend is expected to persist until the Trump administration makes a decision on whether to include the red metal on its list of metals subject to import duties under the Section 232 investigation. At present, U.S. copper futures contracts on the Chicago Mercantile Exchange (CME) continue to trade at significantly higher prices than copper in…