Copper hits record high as supply squeeze intensifies – ING

💡 DMK Insight

Copper hitting record highs is a big deal for traders right now. Supply constraints are real, and with tariffs hanging over the market, the squeeze is only getting tighter. This could push prices even higher, especially if stockpiling continues. Traders should keep an eye on the LME inventory levels; if they keep dropping, expect more upward pressure on prices. Also, consider how this might impact related markets like aluminum and nickel, which often move in tandem with copper. But here’s the flip side: if demand falters due to economic slowdowns or shifts in industrial activity, we could see a sharp correction. Watch for key resistance levels around previous highs, and be ready for volatility as traders react to news on tariffs or supply chain developments.