Copper Hoarding in the US Could Drive Prices to Unexpected Highs
Prices of copper have soared in 2025, with the metal reaching several record highs along the way. As the year comes to an end, several analysts are forecasting that this rally could carry on into 2026 fueled by a number of factors. Citi analysts forecast that copper prices could climb significantly in 2026, partly driven by continued hoarding of the metal in the U.S. as traders seek to leverage arbitrage opportunities caused by concerns that Washington could impose import tariffs on the metal. Traders are front-loading the metal in the U.S. and straining supplies in other markets. This market distortion…