Three engines behind copper’s 42% rally

May 19, 2026

LME Cash closes at $13,532 after a year of records LME Copper Cash registered an all time high of $14,109 in January 2026 after the Grasberg force majeure and a Chilean strike, then consolidated near $12,500 through March. The recovery to $13,532 reflects ICSG and UBS deficit forecasts of 150,000 to 400,000 tons for 2026. […]

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