Copper Tops $14,000 Amid US Stockpiling and Tariff Anticipation

Hyperdash News08/05/2026 17:40 UTCCommodities

Copper prices have climbed above $14,000 a ton, reaching a two-month high, as significant volumes of the metal flow into the United States. This stockpiling activity, driven by anticipation of potential import tariffs from the Trump administration, has tightened global supply.

The influx has pushed combined US-based inventories on the Comex and LME above 740,000 tons, with an additional 110,860 tons held in US port storage. This has led to a sharp decline in LME warehouse stock levels outside the US. Hyperdash pricing shows

Copper up +0.03% since the news.

Sources

ZeroHedge

Bloomberg SCSCMP NINikkei Asia YAYahoo Finance

Reuters TRTrading Economics SESeoul Economic Daily

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