Copper reaches new peak amid supply competition

The article reported that the price of copper is approaching a record high, with the price gap between the spot price and futures contracts widening, reflecting short-term demand pressure on supplies. Metal prices have risen by approximately 16% since the beginning of the year due to massive inflows into the United States and awaiting Trump's decision on tariffs, which has reduced market supply. Additionally, stock levels at the London Metal Exchange have fallen to their lowest since February, and potential increased demand from China is contributing to the continued rise. Experts expect prices in London to surpass previous peaks, given the ongoing supply constraints and market pressures.

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