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Global copper market sees sharp decline
Global copper markets have experienced intense pressure due to soaring prices reaching record levels. The metal was traded near $14,500 per ton on the London Metal Exchange, with the gap between spot and futures prices widening to $545 per ton. The main reasons include a shortage of supply caused by shipment bottlenecks, expectations of the imposition of American tariffs, and increased Chinese imports to compensate for raw material shortages. Additionally, structural demand remains strong, especially with expanding energy, electrical projects, and data centers. Although inventories on the London Metal Exchange have fallen to their lowest levels in months, this situation reinforces expectations of further gains in the medium and long term.
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