Copper Squeeze Deepens In London As Futs Near Record; Barclays Flags Top Mining Picks
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Source: Zero Hedge
Published: 2026-08-18 03:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Europe, Economy & Finance, Financial Markets, Commodities, Business & Economy
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Snippet:
Copper prices in London have held above $14,000 a ton for nine consecutive sessions, with steep backwardation signaling that near-term demand is outstripping available supply. A confluence of bullish drivers is pushing prices toward record highs, while the key cash-to-three-month spread has widened to its highest level since the 2021 market squeeze.
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