Copper At Record Levels, But AI Is Not Enough: US Tariffs, Inventories And Mines Drive The Market

Copper is surging, but not because industrial demand is undergoing a phase of exceptional expansion. This is the interpretation that emerged on October 20, 2026 in London, during an LME Week discussion that brought together analysts from Macquarie, JPMorgan and Mercuria. While the red metal trades at historically elevated prices, market participants urge a distinction […]