"It's like an artificial tightness right now in the markets because you have all this material in the U.S., but not enough outside," a strategist told CNBC.
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Mining disruptions, supply constraints and tariff fears have sent copper prices to record highs this year.
The price of copper is trending higher, but has risks in both directions in the future, Morgan Stanley says.
Spot prices of the red metal hit another high on Friday at $11,816 per ton on the London Metals Exchange, with 3-month futures…
Many on Wall Street caution that turmoil surrounding trade between the U.S. and its major partners is far from over.
The convergence of AI, defense and energy transition themes is putting copper supply chain challenges in the frame.
Despite optimistic overtones from some trading partners, Morgan Stanley said, "it's worth considering what happens if things…
