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Global copper inventories have climbed to a 23-year high, surpassing 1.02 million tonnes. The rapid buildup signals shifting dynamics in the commodities market.
Global markets surged as bitcoin climbed above $96,000 for the first time since November, while silver and copper hit fresh records amid aggressive short covering and renewed investor risk appetite.
Copper prices surged past $12,000 per metric ton for the first time on record, driven by supply disruptions and trade distortions tied to U.S. tariff policy, marking the metal’s strongest annual performance in over a decade.