đ„đšUS COPPER STOCKPILES SKYROCKET TO RECORD LEVELS đâĄ
The United States is hoarding copper like never before. Copper inventories at Comex surged to a record 589,081 short tons last week, smashing the previous 2002 record of 399,341 tons by 48%! đ± Since June 2024, stockpiles have soared +6,400%, showing a historic rush to secure this vital industrial metal.
When we include off-exchange inventories, total US copper now sits at ~1.1 million short tons, almost equal to the entire annual production of the worldâs largest copper mine, Escondida in Chile. Meanwhile, US copper imports nearly doubled in 2025 to 1.9 million short tons, signaling intense demand and fears of upcoming tariffs.
Experts say the surge is driven by concerns over potential Trump-era tariffs on refined copper, the most commonly traded form of the metal. Industries from construction to electronics could feel the impact, while the US positions itself to control global copper supply. This unprecedented hoarding could reshape markets and spark major price shocks worldwide. đđ°đ§