Copper Gains 10% Amid Supply Issues

The price of copper has increased by 10% over the past three months, due to supply shortages in the Chinese market, where inventories have declined and some smelters have cut back production for maintenance. Additionally, a weak dollar and market speculation about tariffs have boosted demand for the metal, leading to tighter supply and reduced Chinese stocks. The three-month London Metal Exchange (LME) benchmark price for copper rose to $14,645 per ton, with ongoing expectations of rising demand and declining inventories, reflecting market pressure and rising prices.

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