Copper Just Flashed a Market Signal Everyone Missed

By Nomi – Prinsights

Copper rarely moves in dramatic ways; instead, it takes incremental shifts that make sense if you’re tracking them day by day. Late last week, the pattern of rising copper prices and depleting inventories pointed to a strong sign of copper demand exceeding available supply.

This time was different from the summer, when intraday copper prices spiked to $5.95 per pound on news that the White House was levying 50% tariffs on certain derivative copper products. Indeed, there was no new news of such magnitude last week. That’s what made the price versus inventory gap so much more remarkable. And why it’s worth your consideration as we detail below.