Copper dipped modestly but stayed above $14,200/tonne after another LME warehouse outflow raised supply-tightness concerns. ING said recent LME inflows eased some pressure, but the latest outflow suggests any inventory rebuild may be temporary; a high US premium is drawing copper product to the US, tightening supply elsewhere and supporting prices.

2026-08-25

Copper dipped modestly but stayed above $14,200/tonne after another LME warehouse outflow raised supply-tightness concerns. ING said recent LME inflows eased some pressure, but the latest outflow suggests any inventory rebuild may be temporary; a high US premium is drawing copper product to the US, tightening supply elsewhere and supporting prices.