Trafigura Group has moved to withdraw hundreds of millions of dollars of copper from London Metal Exchange warehouses as lucrative trading opportunities emerge in the US and China, according to people familiar with the matter.
Trafigura Group has moved to withdraw hundreds of millions of dollars of copper from London Metal Exchange warehouses as lucrative trading opportunities emerge in the US and China, according to people familiar with the matter.
Copper, famed for tracking shifts in the global industrial economy, is trading like a high-flying tech stock as investors bet that skyrocketing power use for artificial intelligence will fuel a surge in demand.
Copper, famed for tracking shifts in the global industrial economy, is trading like a high-flying tech stock as investors bet that skyrocketing power use for artificial intelligence will fuel a surge in demand.
Rolls of sheet copper at Revere Copper Products in Rome, New York, US, on Wednesday, Aug. 6, 2025. US President Donald Trump went ahead with 50% tariffs on copper imports but exempted refined metals, which are the mainstay of international trading.
Nickel prices climbed following a report of further output cuts in Indonesia, and as the top producer of the metal took steps to control its commodities exports.
Nickel prices climbed following a report of further output cuts in Indonesia, and as the top producer of the metal took steps to control its commodities exports.
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