Copper Hits Fresh Record on Rising Risk of Tariff-Fueled Squeeze
Yahoo Finance·2025-12-03 20:20

Copper rallied to a fresh record as a surge in orders for metal in London Metal Exchange warehouses compounded worries that potential US tariffs will fuel a global supply squeeze. LME prices rallied as much as 2.6% to trade above $11,400 a ton, surpassing a peak struck on Monday, after data from the exchange showed a spike in orders for copper in LME depots in Asia. Mining stocks also rallied, with Chilean copper producer Antofagasta Plc jumping more than 5% to a record high. Most Read from Bloomberg Th ...