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الاقتصادية
Copper hits record amid supply scramble
Copper prices have risen significantly, approaching a record high after the widening gap between the spot price and futures contracts in London reached unusual levels. This reflects a short-term demand saturation with available supplies. The spot price traded at a premium of $518.5 per ton, the highest since the market shortage crisis in 2021. The intensified flow of copper to the United States, pending a decision by the Trump administration on implementing tariffs, has reduced supply and boosted metal prices by approximately 16% since the start of the year, nearing the January high of $14,527.50 per ton. Expectations suggest that prices could surpass this level, especially as inventories in London have fallen to the lowest point since February, despite ongoing copper flows from China and anticipated increased shipments to the London Metal Exchange, amid a weak dollar and reduced chances of interest rate hikes.
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