{
  "id": 9357411,
  "title": "Copper Erases Tariff Selloff as Shanghai Stockpiles Hit Three-Year Low",
  "url": "https://urgent.news/2026/09/23/copper-erases-tariff-selloff-as-shanghai-stockpiles-hit-three-year-low",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T15:00:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Metals/Commodities/Copper-Erases-Tariff-Selloff-as-Shanghai-Stockpiles-Hit-Three-Year-Low.html"
  },
  "original_language": "en",
  "account": "Copper prices have rebounded following a recent selloff, according to wire reports. The metal closed Tuesday just below its all-time high, having extended its upward trend for six consecutive sessions. This gain has brought copper close to erasing the losses it incurred when rumors of a stalled U.S. tariff plan prompted a sharp drop in prices. The key driver of this rally is supply constraints in China, where copper cathode stocks hit a three-year low and warehouse inventories in Shanghai and London are rapidly depleting. With Chinese markets closing for the Mid-Autumn Festival and National Day holidays, buyers are rushing to stock up before these breaks. Meanwhile, the London Metal Exchange reported a premium of $62 for cash copper, reversing a recent discount, indicating a strong demand for metal in the spot market. Supply-side concerns also loom, with global mined copper production potentially falling for the first time since 2017 due to mine outages. Despite these challenges, copper prices have climbed 18% this year and 21% on the Comex market, driven by robust demand from renewable energy and data center growth.",
  "summary": "Copper closed Tuesday a hair below its all-time high, extending its winning streak to six sessions as Chinese buyers restocked ahead of back-to-back holidays and warehouse inventories in Shanghai and London kept draining. Three-month copper on the London Metal Exchange settled at $14,783 a metric ton, up 0.8%, according to Shanghai Metals Market, leaving it $92 short of the $14,875 record set…",
  "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."
}