"Today's news should further close the CME-LME arbitrage which has previously benefited companies ..."

Copper prices hit a record high as concerns over shortages outside the US boosted buying, while a weaker dollar supported metals. LME copper touched $14,533 a metric ton,…

Inventories of the metal are diverging across major exchanges as AI infrastructure build-up spurs demand and potential trade restrictions keep prices elevated.

Copper prices are expected to stay high until Trump's tariff decision, driven by fears of increased US tariffs.