Copper waiting to leave warehouses has hit the highest level since 2021 as traders prepare to deliver the metal to the US before tariffs are imposed, according to LME data.
The volume of copper in the global LME warehouse network waiting to be shipped out climbed to 102,000 tonnes on Wednesday — the latest data — its highest level since late 2021.
Such a sharp jump from 10,000 tonnes on the previous Wednesday is unusual for copper stocks.
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