Bullish
Copper prices surge to $14,210 amid tight supply and geopolitical tensions.
Copper prices have risen to $14,210 per tonne, driven by tight physical supply and geopolitical tensions. The London Metal Exchange (LME) reported a 15.6% decline in copper inventories over the past 30 days, intensifying supply concerns. Additionally, geopolitical tensions, particularly in the Middle East, have further strained supply chains, contributing to the price surge.
Key points
- Copper prices climb to $14,210 amid tight supply and geopolitical tensions.
- LME copper inventories drop 15.6% in August, intensifying supply concerns.
- US stock markets rise, mitigating earlier volatility despite bond market pressure.
- Copper price forecast for Monday is sideways to mildly bullish, with support at Rs 1,375 and resistance at Rs 1,386.
Sources
- Copper Surges to $14,170 as LME Stocks Plunge 15.6% in AugustMineListings.com · August 21, 2026
- Copper Price Prediction for Monday: Copper Recovers Above Rs 1,384 for 24 August 2026Univest · August 21, 2026
- US stocks rise, even as the bond market applies more pressureAssociated Press · August 21, 2026
AI-generated from public news sources. Not financial advice.
