business π Copper hits $14,000 amid US stockpile surge π°
Copper prices surged to $14,000 a ton in London, driven by swelling US stockpiles ahead of a tariff announcement. Over 200,000 tons arrived at US ports in July, marking the largest volume since 2014. This influx has reduced global availability while LME inventories dropped to a five-month low. The rally is fueled by energy transition hopes and AI infrastructure build-out. Prices are showing signs of tightening supply in the short term.