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المشهد العربي
Copper prices climb amid supply issues
Copper prices on the London Metal Exchange rose close to a new record high, driven by supply shortages and increasing global demand for the metal. The futures contracts for copper reached a historic level of $14,527.50 per ton, marking gains of over 16% since the beginning of the year. Prices have continued to rise for the seventh consecutive week, with the spread between the spot price and the three-month contract widening to $478 per ton, the highest level since the 2021 crisis. This supply shortage outside the United States is due to large inflows into the U.S. market in anticipation of potential tariffs, which has led to a decrease in inventories on the London exchange to their lowest level since February. Meanwhile, prices of other industrial metals experienced slight increases.
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