This post was originally published on this site. A growing concentration of copper inventories in US warehouses is masking tightening supplies elsewhere, creating a fragmented global market where a surplus can coexist with shortages and elevated prices, according to a study by GEM Mining Consulting. Nearly 70% of the world’s visible exchange copper stocks are now held in the US, a dramatic shift from historical patterns, the study found. Global inventories reached 1.04 million tonnes in October, up 83% from a year earlier, but much of that metal is effectively separated from buyers in other markets. The imbalance helps explain...
October 29, 2026October 29, 2026
