Copper Price: Global Stocks Are Down to Three Days’ Consumption

October 2021’s copper squeeze sent the bellwether metal into record territory – now warehouses again only have enough metal to last a long weekend.

After a 26% rise in 2021, copper prices have struggled for direction this year. On Wednesday, March futures made another attempt to find a new trading band, rising to $4.58 a pound ($10,095 a tonne), a level the bellwether metal has bounced off twice before this year.

View entirety: MINING.COM