Urgent.News

What's breaking now, across thousands of outlets.

Business

Kupfer: Kupferpreis klettert auf Rekordhoch

Der Preis für Kupfer an der Metallbörse LME hat ein Rekordhoch erreicht. Das knappe Angebot außerhalb der USA treibt den Preis des Industriemetalls. Das ist aber nicht der einzige Grund.

Original German Read in English

Kupfer: Kupferpreis klettert auf Rekordhoch

Düsseldorf - The scarcity of copper outside the United States has driven the copper price to a fresh record high. Copper delivered in three months surged by nearly two percent to $14,779 per tonne on the London Metal Exchange (LME). Dealers attribute this to a strong outflow of copper into the US, where tariffs on the industrial metal are anticipated.

This leads to a supply shortage on markets outside the US, according to an analyst from Chinese broker Everbright Futures. "We are currently in a tense market," said Evy Hambro, global head of thematic and sectoral assets at BlackRock International, to Bloomberg news agency, noting that the extent of supply shortages far exceeds normal levels.

"This was further exacerbated by some of the tariff discussions in the US." Copper stocks in LME warehouses have fallen nearly 40 percent since the end of May. Storms in Chile and the situation in the Middle East have also raised concerns about supply, according to Macquarie analyst Alice Fox. Copper rose about 17 percent this year, driven by the AI boom, solar farms and power grids.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Tuesday 8 September →