Neutral
Copper prices stabilize around $6.58 amid rising inventories and supply concerns
Over the past 24 hours, copper prices have remained steady at approximately $6.58 per pound. This stability is attributed to a significant increase in exchange inventories, which has alleviated immediate supply concerns. However, ongoing worries about potential supply disruptions, particularly from major producers, continue to influence market sentiment.
Key points
- Copper prices hold steady at $6.58 per pound amid rising inventories.
- Surge in LME warehouse stocks eases immediate supply tightness.
- Zijin Mining warns of potential 57,000-ton production loss due to flooding.
- Investors await Federal Reserve Chair's speech at Jackson Hole for policy insights.
Sources
- Copper falls as rising inventory weighsBusiness Recorder · August 24, 2026
- Copper Above $14,200 a Ton, With Global Inventory Shifts in FocusMarketScreener Australia · August 24, 2026
- Copper falls as rising inventory weighsMarkets - Business Recorder · August 24, 2026
- Copper price touches the first target – Forecast today – 24-8-2026Economies.com · August 24, 2026
AI-generated from public news sources. Not financial advice.
