U.S. copper futures fell 4.6% after reports the White House may delay refined copper tariffs over affordability concerns. The move also hit miners, with Freeport-McMoRan down 8% and Southern Copper falling 7%. #Copper#Mining#Metals
China smelts roughly half the world's copper, but scarce concentrate is crushing margins across the industry. With more than 8M tons of new smelting capacity planned globally, competition for raw ore could intensify further. #Copper#China#Mining#Metals
Copper hit a record $14,779/ton on the LME, yet the 2026 benchmark fee paid to smelters has collapsed to $0. Mine supply—not processing capacity—is now the key constraint as demand from grids, EVs and data centers rises. #Copper#Mining#Energy
Copper has logged 10 straight weekly gains, its longest rally since 1994, with LME prices near $14,300 a ton. But global mine output fell 1.1% in H1 as major producers struggled, tightening the supply outlook. #Copper#Metals#Mining
