Economy
Copper Prices Reach Record Highs Amid Global Supply Constraints
Crude Oil Prices Today | OilPrice2h
THE BRIEF
1
Three-month copper on the London Metal Exchange hit a record $14,779 per ton on Tuesday, marking an 18% increase in value throughout 2026.
2
Benchmark treatment and refining charges for smelters have dropped to zero dollars per ton, down from $21.25 in 2025, as mine supply fails to keep pace with processing capacity.
3
US COMEX inventories have climbed to nearly 700,000 tons, while trade flows are being distorted by the anticipation of potential US tariffs on refined copper imports.