LME copper rose 0.6% to $14,193.50/ton, surpassing the mid-May closing high and
heading for a record close. Optimism about data‑centre and grid demand is
supporting prices, while supply has tightened after large shipments to the US
this year amid expectations of a Trump tariff decision, drawing down LME‑tracked
inventories. The spot vs three‑month spread widened above $150/ton on Thursday,
the largest since October, producing a pronounced backwardation that signals
short‑term buyer pressure.
