London copper supply squeeze lifts prices toward record highs
Copper prices surge toward record levels as a tightening supply situation in London widens the nearby-versus-later contract spread, signaling competition for immediately available metal amid reported U.S. inflows.
COPPER CRUNCH: London Supply Squeeze Pushes Prices Toward Record Highs Copper prices are surging toward record levels as a tightening supply situation in London fuels a powerful rally.
A widening spread between nearby and later contracts signals intense competition for immediately available metal.
The squeeze reflects a growing shortage of copper in key markets.
Large quantities of metal have reportedly flowed into the United States ahead of potential tariff decisions, leaving less supply available elsewhere, particularly in London.
Copper is now up nearly 16% this year.