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Copper: Supply Tightening Drives Record Highs – ING

According to a report by ING analysts Ewa Manthey and Warren Patterson, LME copper prices have surged above $14,000 per tonne, marking a fresh record high. Meanwhile, the…

Published: August 17, 2026 11:15 UTC
Market: Commodities
Source: insigtX

According to a report by ING analysts Ewa Manthey and Warren Patterson, LME copper prices have surged above $14,000 per tonne, marking a fresh record high. Meanwhile, the cash/3-month spread has shown a significant backwardation, reflecting tight near-term supply conditions.

Original: https://www.fxstreet.hk/news/tong-gong-ying-shou-jin-tui-dong-chuang-ji-lu-gao-wei-he-lan-guo-ji-ji-tuan-202608171115

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