{
  "id": 1698354,
  "title": "Copper: Squeeze deepens on tight supply – ING",
  "url": "https://urgent.news/2026/08/18/copper-squeeze-deepens-on-tight-supply-ing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T11:13:45.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/copper-squeeze-deepens-on-tight-supply-ing-202608181113"
  },
  "original_language": "en",
  "account": "ING analysts Ewa Manthey and Warren Patterson report that copper prices have surged above $14,000 per tonne, nearing record highs, due to tightening nearby market conditions. This tight supply is attributed to reduced LME inventories caused by shipments to the US and Chinese buyers. The LME copper tom-next spread has reached a premium of $75 per tonne, the widest since January, while the cash/3m copper spread stands at a premium of $545 per tonne. Despite a slight increase in LME stocks, inventories remain near multi-month lows, and market indicators suggest limited metal availability. Analysts anticipate near-term supply tightness will keep copper supported if demand from electric vehicles, data centers, and infrastructure remains strong.",
  "summary": "ING analysts Ewa Manthey and Warren Patterson highlight that LME Copper has pushed above $14,000/t, approaching record highs as nearby market conditions tighten.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}