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NewsSignals AI analysis·Reuters·

US accumulates 70% of LME copper stocks

Grade Abullish AI signal$HG$XCU
US warehouses now hold 70.1% of all London Metal Exchange copper inventories, the highest share since March 2019, as traders position metal ahead of a potential US import tariff. LME US inventories reached 223,300 metric tons, while COMEX stocks hit a record 732,315 tons amid anticipation of a proposed 15% tariff on refined copper imports from 2027. Continued stock concentration in the US could signal shifting global copper trade flows and increase supply uncertainty if the proposed tariff proceeds.

Bullish strength: 55/100

  • Potential 15% US import tariff from 2027 could support domestic copper prices.
  • Record COMEX inventories reflect substantial copper accumulation in the US ahead of potential trade restrictions.

Bearish strength: 45/100

  • Record-high COMEX inventories indicate substantial metal availability in the US.
  • The easing COMEX premium has encouraged additional inflows into LME warehouses.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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