US Builds Copper Reserve Through Market Forces
Update: 2025-11-11
Description
U.S. Accumulates Worlds Second-Largest Copper Stockpile Without Federal SpendingThe U.S. has amassed the worlds second-largest copper stockpile, surpassing Chinas state reserves, without any federal spending. This impressive accumulation was made possible by a significant price difference between U.S. and international copper markets, creating a profitable opportunity for traders to ship copper into the country. The market anticipates that the critical mineral designation will likely lead to U.S. import tariffs, further driving the trend. The CME, with delivery points only within the U.S., now holds more copper than the London Metal Exchange and the Shanghai Futures Exchange combined. This unexpected strategic reserve could significantly reduce U.S. dependency on foreign copper.
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