Global copper market faces rising pressure
The global copper market is experiencing increasing pressure as prices soar to record levels near $14,500 per ton, driven by tight supply and shipping bottlenecks. Additionally, rising demand from energy transition projects and digital infrastructure has supported prices, while inventories have fallen to their lowest levels in months, and the spreads between spot and futures prices have widened. The market anticipates an influx of additional shipments from China and possible regulatory measures to alleviate the crisis, while the weak dollar continues to sustain gains in the metal.
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