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Finance· Commodities

Copper Surges Above $14,500 as Supply Squeeze Deepens

Copper futures in London hit a fresh record as three-month LME contracts briefly climbed to $14,533 a ton amid expectations of U.S. tariffs that spurred large seaborne shipments into American warehouses, tightening availability elsewhere. The price advance comes as mining conditions worsen globally and physical flows concentrate regionally, lifting concern about localized scarcity despite subdued end-demand.

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