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LME copper stocks in US climb to 12-year high
Copper inventories in London Metal Exchange warehouses in the US have swelled to their highest in 12-1/2 years as metal continues to accumulate in the country ahead of possible import tariffs from the start of next year. Stocks in US LME warehouses — mostly in New Orleans and Baltimore — now stand at 169,475 metric tons, the most since April 2014. They account for around 62% of all copper inventory on the exchange, the highest percentage since March 2019. There were 24,225 tons of copper deliveries into New Orleans on Wednesday, LME data showed on Thursday, as well as 2,450 tons of inflows int...
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