Neutral
Copper prices hold above $14,000 as weak dollar offsets rising LME inventories.
Copper prices remained steady above $14,000 per metric ton, supported by a weaker U.S. dollar. This trend offset the impact of increased inventories on the London Metal Exchange (LME), which had previously raised supply concerns.
Key points
- Copper prices edged down by 0.04% to $14,043.5 per ton on August 20, 2026, maintaining the $14,000 threshold.
- LME copper inventories increased by 12,425 tons on August 19, 2026, alleviating previous supply concerns.
- The U.S. Treasury's expansion of its long-end bond buyback program on August 19, 2026, led to a weaker dollar, providing support to copper prices.
Sources
AI-generated from public news sources. Not financial advice.
