Global Copper Stocks Dwindle On Tariff Concerns ...Middle East

The Copper Monthly Metals Index (MMI) moved sideways with an upside bias, rising 2.69% from June to July. Comex Copper Prices Nearing All-Time High on 50% Tariff Reports Comex copper prices resumed their uptrend, ending a brief pause witnessed in early June. As of July 7, the price of copper on the exchange stood $266/mt short of its all-time high from late March. This marks an almost 23% rise since the early April low. However, Comex prices aren’t alone. While LME prices remain far short of the all-time high reached in May 2024, they have…

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